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| Entrepreneur Resources | Community So. Bank D.B.A Commun Parsons Business Loans | ||||
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Banks in Parsons, Tennessee That Make SBA Loans
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Entrepreneur Works With Parsons, Tennessee Bank to Get an SBA LoanA Parsons, Tennessee SBA loan can be yours. Learn how Coral Reef Animal Clinic got a $270,000 business loan from this Tennessee bank.
This loan to Coral Reef Animal Clinic is a good example of an SBA loan. Community So. Bank D.B.A Commun made the loan and the SBA guaranteed a portion of the loan. Many other Florida entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower CORAL REEF ANIMAL CLINIC SBA Loan Lender COMMUNITY SO. BANK D.B.A COMMUN Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541940 - Veterinary Services Loan Approval Date 3/13/2006 Loan Approval Gross Amount $270,000 Loan Approval from the SBA Of the total $270,000 loan amount, the SBA guaranteed $202,500. More Information on This SBA Loan The borrower, Coral Reef Animal Clinic, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help generate 6 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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. If a firm like Coral Reef Animal Clinic is able to get a $270,000 loan, 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 SBA loan database. Related Links: Getting an SBA Loan in Tennessee If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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