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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 > Candy, Nut, And Confectionery Stores Loan | ||||
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Memphis Lenders
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Memphis, Tennessee Bank Gives SBA Loan to Candy, Nut, And Confectionery Stores CompanyWant to talk with a Memphis, Tennessee bank about a small business loan? Here's one Missouri business loan, issued by a Memphis bank, that was approved by the SBA. Applying for an SBA loan with Regions Bank worked out well for our friends at one local business in Springfield, Missouri. They received an SBA loan for $50,500. Way to go! SBA Loan Borrower COMPANY TYPE: CANDY, NUT, AND CONFECTIONERY STORES SBA Loan Lender REGIONS BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5441 - Candy, Nut, and Confectionery Stores Loan Approval Date 4/18/2000 Loan Approval Gross Amount $50,500 Loan Approval from the SBA Of the total $50,500 loan amount, the SBA guaranteed $40,400. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $50,500 loan. Remember, if it to be, it is up to me! 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: Determining Proper Capital Structure for a Business Good Banks for Small Business in Memphis, Tennessee
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