Parsons, Tennessee Bank Lends Money to Photofinishing Laboratories Company in Roanoke, Virginia
Want to talk with a Parsons, Tennessee bank about a business loan? Here's one Virginia business loan, issued by a Parsons bank, that was approved by the SBA.
Applying for an SBA loan with Community So. Bank D.B.A Commun worked out well for our friends at one local firm in Roanoke, Virginia. They received an SBA loan for $795,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: PHOTOFINISHING LABORATORIES
ROANOKE, VA 24014
SBA Loan Lender
COMMUNITY SO. BANK D.B.A COMMUN
51 W MAIN ST
PARSONS, TN 38363
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812921 - Photofinishing Laboratories
Loan Approval Date
4/18/2006
Loan Approval Gross Amount
$795,000
Loan Approval from the SBA
Of the total $795,000 loan amount, the SBA guaranteed $596,250.
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 10 employees. The loan application indicated that the loan would help retain 10 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community So. Bank D.B.A Commun and they will explain how you can get an SBA loan for your company.
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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