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November 15, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Union City, Business Loans > First State Bank Union City Business Loans > Office Equipment Merchant Wholesalers Loan | ||||
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Small Business Banks for Martin Entrepreneurs
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Financing for Office Equipment Merchant WholesalersLooking for loans for office equipment merchant wholesalers? Talk to a banker who works with the SBA. This $25,000 office equipment merchant wholesalers loan was issued by a Tennessee bank. This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First State Bank, out of Union City, Tennessee. The loan was granted and they received $25,000 to help grow their Martin, Tennessee business. SBA Loan Borrower COMPANY TYPE: OFFICE EQUIPMENT MERCHANT WHOLESALERS SBA Loan Lender FIRST STATE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 423420 - Office Equipment Merchant Wholesalers Loan Approval Date 7/27/2007 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 10 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Best Banks in Union City, Tennessee
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