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May 8, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Memphis, Business Loans > Regions Bank Memphis Business Loans > Sewerage Systems Loan | ||||
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Tennessee Bank SBA Loans
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Memphis, Tennessee Bank Gives SBA Loan to Sewerage Systems CompanyGet small business loans from a Memphis, Tennessee bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Regions Bank is a Memphis, Tennessee small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Missouri company. SBA Loan Borrower COMPANY TYPE: SEWERAGE SYSTEMS SBA Loan Lender REGIONS BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4952 - Sewerage Systems NAICS Code 221320 - Sewage Treatment Facilities Loan Approval Date 8/7/2001 Loan Approval Gross Amount $15,400 Loan Approval from the SBA Of the total $15,400 loan amount, the SBA guaranteed $13,090. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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: Determining Proper Capital Structure for a Business SBA Participating Banks in Memphis, Tennessee
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