Murfreesboro, Tennessee Business Gets SBA-Guaranteed Funding from Greenbank

Greenbank has a track record as a leading provider of SBA loans. Find out how this Tennessee entrepreneur received an SBA loan from them.

This small firm knew how to go about getting a business bank loan. Based in Murfreesboro, Tennessee, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Greenbank, based in Murfreesboro, Tennessee.

SBA Loan Borrower

COMPANY TYPE: SEWING, NEEDLEWORK, AND PIECE GOODS STORES
MURFREESBORO, TN 37128

SBA Loan Lender

GREENBANK
372 W NORTHFIELD BLVD
MURFREESBORO, TN 37129

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5949 - Sewing, Needlework, and Piece Goods Stores

NAICS Code

451130 - Sewing, Needlework, and Piece Goods Stores

Loan Approval Date

9/18/2002

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

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 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business 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.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Greenbank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

The Friends and Family Network

Small Bank Loans in Murfreesboro, Tennessee

Where to Get an SBA Loan Tennessee