Memphis, Tennessee Bank Lends Money to Chiropractors Company in Highland, Illinois
Get to know 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 a growing company.
Finding a small business loan in Highland, Illinois starts with an understanding of who else has gotten loans in the area. In this case, a local firm 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: CHIROPRACTORS
HIGHLAND, IL 62249
SBA Loan Lender
REGIONS BANK
6200 POPLAR AVE
MEMPHIS, TN 38119
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621310 - Chiropractors
Loan Approval Date
1/11/2005
Loan Approval Gross Amount
$136,200
Loan Approval from the SBA
Of the total $136,200 loan amount, the SBA guaranteed $115,770.
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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.
Next Steps for Getting an SBA Loan
If you are working on finding money to start a business in Highland IL, you ought to talk with a local Highland SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Highland businesses.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Business Incubators
Banks in Memphis, Tennessee
Getting an SBA Loan in Tennessee