Tennessee Entrepreneur Secures Financing to Buy Radio Shack Franchise

Borrowing money to invest in a Radio Shack franchise? Citizens Bank has a history of making these loans and they are guaranteed by the SBA.

Radio Shack franchise loans are available to Mountain City, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Citizens Bank, based in Elizabethton, Tennessee, issued an SBA franchise loan for a Radio Shack franchise in 2004. We've got all the details on this Tennessee small business loan.

SBA Loan Borrower

RADIO SHACK
MOUNTAIN CITY, TN 37683

SBA Loan Lender

CITIZENS BANK
300 BROAD ST
ELIZABETHTON, TN 37643

This SBA bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending track record and a deep knowledge SBA policies and procedures.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5731 - Radio, TV, and Consumer Electronics Retailing

NAICS Code

443112 - Radio, Television, and Electronics Stores

Loan Approval Date

4/8/2004

Loan Approval Gross Amount

$124,500

Loan Approval from the SBA

Of the total $124,500 loan amount, the SBA guaranteed $105,825.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Radio Shack franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citizens Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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