Business Loans for Veterinary Services

With these business loans for veterinary services, the SBA guarantees the lender that the loan will be repaid. This veterinary services loan for $475,000 was given to a Tennessee entrepreneur in 2005.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First Tennessee Bank, out of Memphis, Tennessee. The loan was granted and they received $475,000 to help grow their Memphis, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES FOR LIVESTOCK
MEMPHIS, TN 38115

SBA Loan Lender

FIRST TENNESSEE BANK
4385 POPLAR AVE
MEMPHIS, TN 38117

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

0741 - Veterinary Services for Livestock

NAICS Code

541940 - Veterinary Services

Loan Approval Date

3/11/2005

Loan Approval Gross Amount

$475,000

Loan Approval from the SBA

Of the total $475,000 loan amount, the SBA guaranteed $356,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Tennessee Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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