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May 8, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Pearl, Business Loans > Trustmark National Bank Pearl Business Loans > Hoists, Cranes, And Monorails Loan | ||||
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How to Get SBA Loans in Memphis, Tennessee
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How to Get a Loan for Overhead Traveling Crane, Hoist, and Monorail System ManufacturingLooking for commercial loans for overhead traveling crane, hoist, and monorail system manufacturing? Talk to a banker who works with the SBA. This $509,000 overhead traveling crane, hoist, and monorail system manufacturing loan was issued by a Mississippi bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Memphis, Tennessee was able to borrow $509,000 from Trustmark National Bank. The SBA made the loan possible by guaranteeing $381,750 of this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: HOISTS, CRANES, AND MONORAILS SBA Loan Lender TRUSTMARK NATIONAL BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3536 - Hoists, Cranes, and Monorails NAICS Code 333923 - Overhead Traveling Crane, Hoist, and Monorail System Manufacturing Loan Approval Date 11/3/2005 Loan Approval Gross Amount $509,000 Loan Approval from the SBA Of the total $509,000 loan amount, the SBA guaranteed $381,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 48 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $509,000 loan. Remember, things become real when you believe you can achieve them! 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 - How to Borrow Money Small Bank Loans in Pearl, Mississippi
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