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| Entrepreneur Resources | Community So. Bank D.B.A Commun Parsons Business Loans | ||||
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Parsons SBA Lenders
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Entrepreneur Works With Parsons, Tennessee Bank to Get an SBA LoanA Parsons, Tennessee SBA loan can be yours. Learn how Conte's Bicycle & Fitness Equi got a $555,000 business loan from this Tennessee bank.
This loan to Conte's Bicycle & Fitness Equi 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 Virginia entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower CONTE'S BICYCLE & FITNESS EQUI SBA Loan Lender COMMUNITY SO. BANK D.B.A COMMUN This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451110 - Sporting Goods Stores Loan Approval Date 4/26/2006 Loan Approval Gross Amount $555,000 Loan Approval from the SBA Of the total $555,000 loan amount, the SBA guaranteed $416,250. More Information on This SBA Loan The borrower, Conte's Bicycle & Fitness Equi, 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 indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Conte's Bicycle & Fitness Equi walked into Community So. Bank D.B.A Commun and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Good Banks for Small Business in Parsons, 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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