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November 15, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Mount Juliet, Business Loans > Pinnacle National Bank Mount Juliet Business Loans > Packaging Machinery Loan | ||||
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Murfreesboro, Tennessee Bank Loan
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Getting an SBA Loan for Packaging Machinery ManufacturingWith these commercial loans for packaging machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This packaging machinery manufacturing loan for $150,000 was given to a Tennessee entrepreneur in 2005. This business knew how to go about getting a business bank loan. Based in Murfreesboro, Tennessee, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Pinnacle National Bank, based in Mount Juliet, Tennessee. SBA Loan Borrower COMPANY TYPE: PACKAGING MACHINERY SBA Loan Lender PINNACLE NATIONAL BANK This bank loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3565 - Packaging Machinery NAICS Code 333993 - Packaging Machinery Manufacturing Loan Approval Date 5/27/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 5 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Pinnacle National 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. Related Links: How Much Venture Capital Is There? SBA Participating Banks in Mount Juliet, Tennessee
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