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November 14, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Memphis, Business Loans > Regions Bank Memphis Business Loans > Plastics Products Loan | ||||
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Banks in Memphis, Tennessee That Make SBA Loans
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Memphis, Tennessee Bank Gives SBA Loan to Plastics Products CompanyFind Memphis, Tennessee banks that specialize in SBA loans and know how to work with entrepreneurs. Regions Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Coral Springs, Florida starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Regions Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: PLASTICS PRODUCTS SBA Loan Lender REGIONS BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3089 - Plastics Products NAICS Code 326199 - Plastics Product Manufacturing Loan Approval Date 11/6/2001 Loan Approval Gross Amount $1,415,000 Loan Approval from the SBA Of the total $1,415,000 loan amount, the SBA guaranteed $999,995. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 97 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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 Regions 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: SBA Approved Banks in Memphis, Tennessee
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