Loan Census Banking News and Information
May 2, 2024  
 
 
  Business Loan Information  
 

Regions Bank Business Loans

 

 
Loan Census SBA Loan Info

Where to Get Capital for Podiatrists

With these small business loans for podiatrists, the SBA guarantees the lender that the loan will be repaid. This podiatrists loan for $88,200 was given to a Florida entrepreneur in 2001.

This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Regions Bank, out of Memphis, Tennessee. The loan was granted and they received $88,200 to help grow their Miami, Florida business.

SBA Loan Borrower

COMPANY TYPE: PODIATRISTS
MIAMI, FL 33176

SBA Loan Lender

REGIONS BANK
6200 POPLAR AVE
MEMPHIS, TN 38119

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

621391 - Podiatrists

Loan Approval Date

5/17/2001

Loan Approval Gross Amount

$88,200

Loan Approval from the SBA

Of the total $88,200 loan amount, the SBA guaranteed $44,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Regions Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Dealing With Venture Capitalists

Small Bank Loans in Memphis, Tennessee

Tennessee SBA 7A Lenders