Citizens Bank Of Blount County SBA Loan to Personal Services Company

Want a Tennessee business loan? Here's one Tennessee business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Maryville, Tennessee, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Citizens Bank Of Blount County, based in Maryville, Tennessee.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
MARYVILLE, TN 37801

SBA Loan Lender

CITIZENS BANK OF BLOUNT COUNTY
330 E BROADWAY
MARYVILLE, TN 37804

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7299 - Personal Services

Loan Approval Date

3/16/2000

Loan Approval Gross Amount

$16,000

Loan Approval from the SBA

Of the total $16,000 loan amount, the SBA guaranteed $12,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Angel Investors

SBA 7A Lenders in Maryville, Tennessee

SBA Participating Banks in Tennessee