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November 15, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Tullahoma, Business Loans > The Traders National Bank Tullahoma Business Loans > Packing And Crating Loan | ||||
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The Traders National Bank Business Loan
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Business Loan from The Traders National Bank Given to Packing And Crating CompanyAn SBA loan from The Traders National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Tullahoma, Tennessee business owner got a $100,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tullahoma, Tennessee was able to borrow $100,000 from The Traders National Bank. The SBA made the loan possible by guaranteeing $85,000 of this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: PACKING AND CRATING SBA Loan Lender THE TRADERS NATIONAL BANK This lender issued this particular 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. NAICS Code 488991 - Packing and Crating Loan Approval Date 11/4/2004 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 8 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Traders National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Traders National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Best Tullahoma, Tennessee Banks for Small Business
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