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May 5, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Germantown, Business Loans > Renasant Bank Germantown Business Loans > Local Trucking Without Storage Loan | ||||
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Banks Doing SBA Loans in Tennessee
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Germantown, Tennessee Bank Gives SBA Loan to Local Trucking Without Storage CompanyWant to talk with a Germantown, Tennessee bank about a small business loan? Here's one Tennessee business loan, issued by a Germantown bank, that was approved by the SBA. Applying for an SBA loan with Renasant Bank worked out well for our friends at one local company in Memphis, Tennessee. They got an SBA loan for $31,840. Great job! SBA Loan Borrower COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE SBA Loan Lender RENASANT BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4212 - Local Trucking Without Storage NAICS Code 484110 - General Freight Trucking, Local Loan Approval Date 5/21/2003 Loan Approval Gross Amount $31,840 Loan Approval from the SBA Of the total $31,840 loan amount, the SBA guaranteed $27,064. 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 18 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: The Friends and Family Network Where to Get an SBA Loan in Germantown, Tennessee
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