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December 23, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Collierville, Business Loans > Patriot Bank Collierville Business Loans > Top And Body Repair And Paint Shops Loan | ||||
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Patriot Bank Business Loan Memphis, Tennessee
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Business Loan from Patriot Bank Given to Top And Body Repair And Paint Shops CompanyAn SBA loan from Patriot Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Memphis, Tennessee business owner got a $353,000 loan. This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Patriot Bank, out of Collierville, Tennessee. The loan was granted and they received $353,000 to help grow their Memphis, Tennessee business. SBA Loan Borrower COMPANY TYPE: TOP AND BODY REPAIR AND PAINT SHOPS SBA Loan Lender PATRIOT BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7532 - Top and Body Repair and Paint Shops NAICS Code 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 6/21/2005 Loan Approval Gross Amount $353,000 Loan Approval from the SBA Of the total $353,000 loan amount, the SBA guaranteed $264,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Patriot Bank and they will explain how you can get an SBA loan for your company. 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 Approved Banks in Collierville, Tennessee
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