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April 27, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Memphis, Business Loans > Regions Bank Memphis Business Loans > Air-Conditioning, Refrigeration And Heating Loan | ||||
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Tennessee Bank SBA Loans
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Regions Bank SBA Loan to Air-Conditioning, Refrigeration And Heating CompanyWant a Missouri SBA loan? Here's one Missouri business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Republic, Missouri was able to borrow $120,000 from Regions Bank. The SBA made the loan possible by guaranteeing $70,212 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: AIR-CONDITIONING, REFRIGERATION AND HEATING SBA Loan Lender REGIONS BANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3585 - Air-Conditioning, Refrigeration and Heating Loan Approval Date 9/11/2000 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $70,212. 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 10 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Good Banks for Small Business in Memphis, Tennessee SBA Participating Banks in Tennessee
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