Memphis, Tennessee Lender Lends Money to Accounting, Auditing, And Bookkeeping Services Company

Thinking about meeting with a Memphis, Tennessee bank about a business loan? Here's one Tennessee business loan, issued by a Memphis bank, that was approved by the SBA.

Applying for an SBA loan with Tri-State Bank Of Memphis worked out well for our friends at one local firm in Memphis, Tennessee. The business was able to get an SBA loan for $120,255. Sweet!

SBA Loan Borrower

COMPANY TYPE: ACCOUNTING, AUDITING, AND BOOKKEEPING SERVICES
MEMPHIS, TN 38103

SBA Loan Lender

TRI-STATE BANK OF MEMPHIS
180 S MAIN AT BEALE ST
MEMPHIS, TN 38103

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8721 - Accounting, Auditing, and Bookkeeping Services

NAICS Code

541211 - Certified Public Accountants

Loan Approval Date

3/19/2002

Loan Approval Gross Amount

$120,255

Loan Approval from the SBA

Of the total $120,255 loan amount, the SBA guaranteed $102,216.

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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

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.

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