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November 21, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Oakland, Business Loans > Innovative Bank Oakland Business Loans > Support Activities For Transportation Loan | ||||
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How to Get an SBA Loan in Morrison, Tennessee
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Morrison, Tennessee Entrepreneur Gets a Small Business LoanSBA loans in Tennessee are tough to come by these days. We take a look at one Tennessee SBA loan, provided by a California bank, that was approved by the SBA. Getting a small business loan in Morrison, Tennessee was a top priority for this particular business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Innovative Bank. Here are the details on this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: SUPPORT ACTIVITIES FOR TRANSPORTATION SBA Loan Lender INNOVATIVE BANK This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 488999 - Support Activities for Transportation Loan Approval Date 3/14/2005 Loan Approval Gross Amount $5,000 Loan Approval from the SBA Of the total $5,000 loan amount, the SBA guaranteed $4,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, 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: Best Banks in Oakland, California
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