Tennessee SBA Loan Issued to Child Day Care Services Company

Small business loans in Tennessee are tough to come by these days. We take a look at one Tennessee small business loan, provided by a Tennessee bank, that was approved by the SBA.

Getting a small business loan in Nashville, Tennessee was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Greenbank. Here are the details on this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
NASHVILLE, TN 37204

SBA Loan Lender

GREENBANK
231 S ROYAL OAKS BLVD
FRANKLIN, TN 37064

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8351 - Child Day Care Services

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

2/23/2007

Loan Approval Gross Amount

$402,500

Loan Approval from the SBA

Of the total $402,500 loan amount, the SBA guaranteed $301,875.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 22 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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

Tennessee SBA 7A Lenders