SBA Loans for Ready-Mix Concrete Manufacturing

Looking for SBA loans for ready-mix concrete manufacturing? Try the SBA. This $1,370,000 ready-mix concrete manufacturing loan was issued by a Tennessee bank.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Insouth Bank, out of Memphis, Tennessee. The loan was granted and they received $1,370,000 to help grow their Brownsville, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: READY MIXED CONCRETE
BROWNSVILLE, TN 38012

SBA Loan Lender

INSOUTH BANK
6141 WALNUT GROVE RD
MEMPHIS, TN 38120

At the time this loan was granted, the lender participated in the SBA's Certified Lenders Program (CLP). This program is designed to ensure rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3273 - Ready Mixed Concrete

NAICS Code

327320 - Ready-Mix Concrete Manufacturing

Loan Approval Date

6/4/2001

Loan Approval Gross Amount

$1,370,000

Loan Approval from the SBA

Of the total $1,370,000 loan amount, the SBA guaranteed $999,990.

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 13 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My 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.

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:

Small Business Credit Cards

SBA 7A Banks for Memphis, Tennessee Loans

SBA Tennessee Banks