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May 9, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Memphis, Business Loans > Regions Bank Memphis Business Loans > Farm Product Raw Material Merchant Wholesalers Loan | ||||
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Requirements for Business Owners On Getting a Loan
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Farm Product Raw Material Merchant Wholesalers Business LoansLooking for business loans for farm product raw material merchant wholesalers? The SBA may be the answer. This $2,000,000 farm product raw material merchant wholesalers loan was issued by a Tennessee bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New Madrid, Missouri was able to borrow $2,000,000 from Regions Bank. The SBA made the loan possible by guaranteeing $1,000,000 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: FARM PRODUCT RAW MATERIAL MERCHANT WHOLESALERS SBA Loan Lender REGIONS BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424590 - Farm Product Raw Material Merchant Wholesalers Loan Approval Date 12/23/2003 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,000,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 11 employees. The SBA loan documents indicated that the loan would help retain 11 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. If you need emergency business money, 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: The Friends and Family Network SBA 7A Banks in Memphis, Tennessee
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