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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 > Schools And Instruction Loan | ||||
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Raising Money in Troy, Missouri With SBA Loans
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Small Business Loans for Schools and InstructionLooking for small business loans for schools and instruction? Try the SBA. This $148,500 schools and instruction loan was issued by a Tennessee bank. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Regions Bank, out of Memphis, Tennessee. The loan was granted and they received $148,500 to help grow their Troy, Missouri business. SBA Loan Borrower COMPANY TYPE: SCHOOLS AND INSTRUCTION SBA Loan Lender REGIONS BANK This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611699 - Schools and Instruction Loan Approval Date 4/22/2005 Loan Approval Gross Amount $148,500 Loan Approval from the SBA Of the total $148,500 loan amount, the SBA guaranteed $126,225. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 12 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. 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: Best Banks for Small Business in Memphis, Tennessee
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