Convenience Stores Commercial Loans

Looking for commercial loans for convenience stores? Talk to a banker who works with the SBA. This $150,000 convenience stores loan was issued by a Tennessee bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with The Farmers Bank, out of Springfield, Tennessee. The loan was granted and they received $150,000 to help grow their Springfield, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
SPRINGFIELD, TN 37172

SBA Loan Lender

THE FARMERS BANK
1203 MEMORIAL BLVD
SPRINGFIELD, TN 37172

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445120 - Convenience Stores

Loan Approval Date

6/4/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 6 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Springfield TN, you ought to talk with a local Springfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Springfield businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Business Line of Credit

Banks in Springfield, Tennessee

Where to Get an SBA Loan Tennessee