SBA Loans for General Freight Trucking, Local

Looking for SBA loans for general freight trucking, local? Try the SBA. This $132,600 general freight trucking, local loan was issued by a Tennessee bank.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Insouth Bank, out of Memphis, Tennessee. The loan was granted and they received $132,600 to help grow their Bartlett, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: LOCAL TRUCKING WITH STORAGE
BARTLETT, TN 38134

SBA Loan Lender

INSOUTH BANK
6141 WALNUT GROVE RD
MEMPHIS, TN 38120

This loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending background and are well trained in SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4214 - Local Trucking With Storage

NAICS Code

484110 - General Freight Trucking, Local

Loan Approval Date

2/20/2002

Loan Approval Gross Amount

$132,600

Loan Approval from the SBA

Of the total $132,600 loan amount, the SBA guaranteed $112,710.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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 $132,600 loan. Remember, you control your own destiny.

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:

Advice on Getting a Small Business Loan

Find an SBA Lender in Memphis, Tennessee

Tennessee SBA 7A Lenders