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May 3, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Memphis, Business Loans > Regions Bank Memphis Business Loans > Surveying And Mapping Services Loan | ||||
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Regions Bank Small Business Loans Indianapolis, IN
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SBA Loan from Regions Bank Helps Surveying And Mapping Services CompanyRegions Bank has a track record as a leading provider of SBA loans. Find out how this Indiana entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Indianapolis, Indiana was able to borrow $85,000 from Regions Bank. The SBA made the loan possible by guaranteeing $42,500 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: SURVEYING AND MAPPING SERVICES SBA Loan Lender REGIONS BANK This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541370 - Surveying and Mapping Services Loan Approval Date 12/3/2003 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $42,500. 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 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Regions Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Obtaining Funding - Getting Venture Capital SBA Approved Banks in Memphis, Tennessee Find an SBA Lender in Tennessee
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