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November 15, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Jackson, Business Loans > Trustmark National Bank Jackson Business Loans > Electrical Contractors Loan | ||||
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Business Loans for Memphis Small Businesses
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Electrical Contractors LoansWith these loans for electrical contractors, the SBA guarantees the lender that the loan will be repaid. This electrical contractors loan for $15,300 was given to a Tennessee entrepreneur in 2002. This small firm knew how to go about getting a business bank loan. Based in Memphis, Tennessee, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Trustmark National Bank, based in Jackson, Mississippi. SBA Loan Borrower COMPANY TYPE: ELECTRICAL CONTRACTORS SBA Loan Lender TRUSTMARK NATIONAL BANK This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 235310 - Electrical Contractors Loan Approval Date 8/30/2002 Loan Approval Gross Amount $15,300 Loan Approval from the SBA Of the total $15,300 loan amount, the SBA guaranteed $7,650. 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 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Jackson, Mississippi
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