Bullins Trucking Company, LLC
Bullins Trucking Company, LLC is a local general freight trucking business in Chattanooga, Tennessee, classified under NAICS code 484110. The company financed real estate or equipment through an SBA 504 loan of $2.67 million, approved on April 23, 2024, through First National Community Bank with Brightbridge, Inc. as the certified development company. The loan supported 10 jobs.
SBA 504 loan, approved Apr 23, 2024
$2,672,000 SBA portionCDC: Brightbridge, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,672,000
- Bank portion
- $3,266,000
- Estimated project size
- $6,597,778 (estimated)
- Estimated owner equity
- $659,778 (estimated, about 10% of the project)
- Bank lender
- First National Community Bank, Chatsworth, GA
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- April 23, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- LLC or partnership
- NAICS
- 484110, General Freight Trucking, Local
- Project location
- Hamilton County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-3
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 66% of expansion loans in General Freight Trucking, Local on this site.
- Average expansion loan in General Freight Trucking, Local: $2,373,915.
- Average expansion loan in Tennessee: $2,402,643.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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