Murfreesboro, Tennessee Lender Lends Money to Eating Places Company

Want to talk with a Murfreesboro, Tennessee bank about a business loan? Here's one Tennessee business loan, issued by a Murfreesboro bank, that was approved by the SBA.

Applying for an SBA loan with First Bank worked out well for our friends at one local business in Murfreesboro, Tennessee. They got an SBA loan for $495,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
MURFREESBORO, TN 37130

SBA Loan Lender

FIRST BANK
615 MEMORIAL BLVD
MURFREESBORO, TN 37219

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/11/2003

Loan Approval Gross Amount

$495,000

Loan Approval from the SBA

Of the total $495,000 loan amount, the SBA guaranteed $371,250.

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 50 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Murfreesboro TN, you ought to talk with a local Murfreesboro SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Murfreesboro businesses.

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 First 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:

Obtaining Funding - Friends and Family

Small Business Banks in Murfreesboro, Tennessee

Browse All Business Loan Sources for Tennessee