How to Get a Loan for Overhead Traveling Crane, Hoist, and Monorail System Manufacturing

Looking for commercial loans for overhead traveling crane, hoist, and monorail system manufacturing? Talk to a banker who works with the SBA. This $509,000 overhead traveling crane, hoist, and monorail system manufacturing loan was issued by a Mississippi bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Memphis, Tennessee was able to borrow $509,000 from Trustmark National Bank. The SBA made the loan possible by guaranteeing $381,750 of this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: HOISTS, CRANES, AND MONORAILS
MEMPHIS, TN 38127

SBA Loan Lender

TRUSTMARK NATIONAL BANK
2425 HWY 80 EAST
PEARL, MS 39208

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3536 - Hoists, Cranes, and Monorails

NAICS Code

333923 - Overhead Traveling Crane, Hoist, and Monorail System Manufacturing

Loan Approval Date

11/3/2005

Loan Approval Gross Amount

$509,000

Loan Approval from the SBA

Of the total $509,000 loan amount, the SBA guaranteed $381,750.

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 48 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $509,000 loan. Remember, things become real when you believe you can achieve them!

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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Mississippi SBA Banks