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December 21, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Memphis, Business Loans > Insouth Bank Memphis Business Loans > Tire Retreading And Repair Shops Loan | ||||
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Brent SBA Loans from Insouth Bank
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Insouth Bank SBA Loan to Tire Retreading And Repair Shops CompanyAn SBA loan from Insouth Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Brent, Alabama business owner got a $346,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Brent, Alabama was able to borrow $346,000 from Insouth Bank. The SBA made the loan possible by guaranteeing $259,500 of this Alabama small business loan. SBA Loan Borrower COMPANY TYPE: TIRE RETREADING AND REPAIR SHOPS SBA Loan Lender INSOUTH BANK This small business loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7534 - Tire Retreading and Repair Shops Loan Approval Date 7/10/2000 Loan Approval Gross Amount $346,000 Loan Approval from the SBA Of the total $346,000 loan amount, the SBA guaranteed $259,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Insouth Bank and they will explain how you can get an SBA loan for your company. 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: Dealing With Venture Capitalists SBA Approved Banks in Memphis, Tennessee
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