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November 22, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Chattanooga, Business Loans > Cornerstone Community Bank Chattanooga Business Loans > Heavy And Civil Engineering Construction Loan | ||||
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Banks in Chattanooga, Tennessee That Make SBA Loans
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Chattanooga, Tennessee Bank Gives SBA Loan to Heavy And Civil Engineering Construction CompanyWant to talk with a Chattanooga, Tennessee bank about a small business loan? Here's one Tennessee business loan, issued by a Chattanooga bank, that was approved by the SBA. Applying for an SBA loan with Cornerstone Community Bank worked out well for our friends at one local firm in Ooltewah, Tennessee. The business was able to get an SBA loan for $125,000. Nice! SBA Loan Borrower COMPANY TYPE: HEAVY AND CIVIL ENGINEERING CONSTRUCTION SBA Loan Lender CORNERSTONE COMMUNITY BANK The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 237990 - Heavy and Civil Engineering Construction Loan Approval Date 8/25/2005 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $62,500. 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. The loan application indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Ooltewah or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Obtaining Funding - Friends and Family Good Banks for Small Business in Chattanooga, Tennessee Find an SBA Lender in Tennessee
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