SBA Loans for Drinking Places

Looking for SBA loans for drinking places? Try the SBA. This $146,000 drinking places loan was issued by a Tennessee bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with The Bank Of Nashville, out of Nashville, Tennessee. The loan was granted and they received $146,000 to help grow their Nashville, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
NASHVILLE, TN 37203

SBA Loan Lender

THE BANK OF NASHVILLE
401 CHURCH ST L&C TOWER
NASHVILLE, TN 37219

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

12/1/2006

Loan Approval Gross Amount

$146,000

Loan Approval from the SBA

Of the total $146,000 loan amount, the SBA guaranteed $124,100.

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 7 employees. The SBA loan documents indicated that the loan would help retain 7 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Bank Of Nashville had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Bank Of Nashville made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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Small Business Credit Cards

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Tennessee SBA 7A Lenders