Nashville, Tennessee Bank Lends Money to Brooms And Brushes Company in Nashville, Tennessee

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

Applying for an SBA loan with Suntrust Bank worked out well for our friends at one local company in Nashville, Tennessee. The business was able to get an SBA loan for $108,404. Awesome!

SBA Loan Borrower

COMPANY TYPE: BROOMS AND BRUSHES
NASHVILLE, TN 57219

SBA Loan Lender

SUNTRUST BANK
201 FOURTH AVE NORTH
NASHVILLE, TN 37219

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3991 - Brooms and Brushes

NAICS Code

339994 - Broom, Brush, and Mop Manufacturing

Loan Approval Date

4/17/2000

Loan Approval Gross Amount

$108,404

Loan Approval from the SBA

Of the total $108,404 loan amount, the SBA guaranteed $81,303.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start business in Nashville TN, you ought to talk with a local Nashville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Nashville businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Suntrust 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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