SBA Loan from American City Bank Helps Stationery Stores Company

An SBA loan from American City 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 $125,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with American City Bank, out of Tullahoma, Tennessee. The loan was granted and they received $125,000 to help grow their Tullahoma, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: STATIONERY STORES
TULLAHOMA, TN 37388

SBA Loan Lender

AMERICAN CITY BANK
340 W LINCOLN
TULLAHOMA, TN 37388

This lender issued this particular SBA 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

5943 - Stationery Stores

NAICS Code

453210 - Office Supplies and Stationery

Loan Approval Date

7/27/2001

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

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 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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:

Find Start-Up Capital

SBA 7A Banks for Tullahoma, Tennessee Loans

SBA Tennessee Banks