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May 9, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Memphis, Business Loans > Regions Bank Memphis Business Loans > Store Retailers Loan | ||||
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Memphis, Tennessee SBA Banks
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Memphis, Tennessee Bank Lends Money to Store Retailers Company in Brandon, FloridaGet to know Memphis, Tennessee banks that specialize in small business loans and know how to work with entrepreneurs. Regions Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Brandon, Florida starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Regions Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: STORE RETAILERS SBA Loan Lender REGIONS BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453998 - Store Retailers Loan Approval Date 6/25/2004 Loan Approval Gross Amount $308,000 Loan Approval from the SBA Of the total $308,000 loan amount, the SBA guaranteed $231,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 1 new job. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $308,000. How would you spend $308,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Find an SBA Lender in Memphis, Tennessee
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