Bank Loans for Building Equipment and Machinery Installation Contractors

Looking for bank loans for building equipment and machinery installation contractors? The SBA may be the answer. This $300,000 building equipment and machinery installation contractors loan was issued by a Tennessee bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pulaski, Tennessee was able to borrow $300,000 from First National Bank Of Pulaski. The SBA made the loan possible by guaranteeing $225,000 of this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: BUILDING EQUIPMENT INSTALLATION
PULASKI, TN 38478

SBA Loan Lender

FIRST NATIONAL BANK OF PULASKI
206 S 1ST ST
PULASKI, TN 38478

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1796 - Building Equipment Installation

NAICS Code

235950 - Building Equipment and Machinery Installation Contractors

Loan Approval Date

2/25/2000

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 30 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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