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May 4, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Memphis, Business Loans > Regions Bank Memphis Business Loans > Serv Pro Loan | ||||
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I Need an SBA 7A Loan to Buy a Franchise in Mooresville, Indiana
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Mooresville, IN Entrepreneur Gets SBA Loan to Buy Servpro FranchiseNeed a loan to purchase a Servpro franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Mooresville, Indiana needed money to invest in a Servpro franchise back in 2000. Regions Bank issued an SBA franchise loan. Here are the details on this Indiana small business loan. SBA Loan Borrower SERV PRO SBA Loan Lender REGIONS BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1799 - Special Trade Contractors NAICS Code 235990 - Special Trade Contractors Loan Approval Date 12/5/2000 Loan Approval Gross Amount $84,000 Loan Approval from the SBA Of the total $84,000 loan amount, the SBA guaranteed $67,200. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start business in Mooresville IN, you ought to talk with a local Mooresville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mooresville businesses. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Regions Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA 7A Banks in Memphis, Tennessee
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