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November 15, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Memphis, Business Loans > Trust One Bank Memphis Business Loans > Painting And Paper Hanging Loan | ||||
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Banks for Memphis, Tennessee Entrepreneurs
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Trust One Bank Gives SBA Loan to Painting And Paper Hanging CompanySearching for a Tennessee bank loan? This Tennessee entrepreneur got a bank loan, provided by a Tennessee bank that works with the SBA to help small business owners. You can learn something about getting a small business loan in Memphis, Tennessee by studying this loan to a local company, made back in 2005. Banks like Trust One Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: PAINTING AND PAPER HANGING SBA Loan Lender TRUST ONE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1721 - Painting and Paper Hanging NAICS Code 238320 - Painting and Wall Covering Contractors Loan Approval Date 4/13/2005 Loan Approval Gross Amount $650,300 Loan Approval from the SBA Of the total $650,300 loan amount, the SBA guaranteed $487,725. More Information on This SBA Loan The borrower borrowed this money for an existing 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 85 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA 7A Banks for Memphis, Tennessee Loans
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