Loan Census Banking News and Information
December 24, 2024  
 
 
  Business Loan Information  
 

Trezevant Bank Loan

 

 
Loan Census SBA Loan Info

Trezevant, Tennessee Bank Lends Money to Cable And Other Pay Television Services Company in Trezevant, Tennessee

Find Trezevant, Tennessee banks that specialize in SBA loans and know how to work with entrepreneurs. Farmers And Merchants Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Trezevant, Tennessee starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Farmers And Merchants Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CABLE AND OTHER PAY TELEVISION SERVICES
TREZEVANT, TN 38258

SBA Loan Lender

FARMERS AND MERCHANTS BANK
5420 BROAD ST SOUTH
TREZEVANT, TN 38258

This lender issued this particular commercial 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

4841 - Cable and Other Pay Television Services

NAICS Code

513210 - Cable Networks

Loan Approval Date

9/25/2003

Loan Approval Gross Amount

$56,000

Loan Approval from the SBA

Of the total $56,000 loan amount, the SBA guaranteed $47,600.

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 10 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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 - Getting Venture Capital

Good Banks for Small Business in Trezevant, Tennessee

Tennessee SBA 7A Banks