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November 14, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Knoxville, Business Loans > Community So. Bank D.B.A Commun Knoxville Business Loans > New Car Dealers Loan | ||||
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Knoxville Lenders
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Entrepreneur Works With Knoxville, Tennessee Bank to Get an SBA LoanGet small business loans from a Knoxville, Tennessee bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. Community So. Bank D.B.A Commun is a Knoxville, Tennessee small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Missouri company. SBA Loan Borrower COMPANY TYPE: NEW CAR DEALERS SBA Loan Lender COMMUNITY SO. BANK D.B.A COMMUN This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441110 - New Car Dealers Loan Approval Date 2/3/2006 Loan Approval Gross Amount $676,000 Loan Approval from the SBA Of the total $676,000 loan amount, the SBA guaranteed $507,000. 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 5 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Realistic Debt Financing Options SBA Participating Banks in Knoxville, Tennessee
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