SBA Loans for Ice Manufacturing

Looking for SBA loans for ice manufacturing? Try the SBA. This $27,500 ice manufacturing loan was issued by a Tennessee bank.

Getting a small business loan in Trenton, Tennessee was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Peoples State Bank Of Commerce, operating out of Nolensville, Tennessee. Here are the details on this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURED ICE
TRENTON, TN 38382

SBA Loan Lender

PEOPLES STATE BANK OF COMMERCE
7271-A NOLENSVILLE RD
NOLENSVILLE, TN 37135

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2097 - Manufactured Ice

NAICS Code

312113 - Ice Manufacturing

Loan Approval Date

12/5/2000

Loan Approval Gross Amount

$27,500

Loan Approval from the SBA

Of the total $27,500 loan amount, the SBA guaranteed $22,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $27,500 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

VC Firms on Twitter

Small Business Banks in Nolensville, Tennessee

Where to Get an SBA Loan Tennessee