Borrowing Money for Industrial Machinery and Equipment Merchant Wholesalers

Looking for small business loans for industrial machinery and equipment merchant wholesalers? An SBA loan may be just what you've been looking for. This $887,500 industrial machinery and equipment merchant wholesalers loan was issued by a Tennessee bank.

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 2005. The lending bank was Renasant Bank, based in Germantown, Tennessee.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL MACHINERY AND EQUIPMENT
MEMPHIS, TN 38133

SBA Loan Lender

RENASANT BANK
2177 GERMANTOWN RD SOUTH
GERMANTOWN, TN 38138

This loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA delivers a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5084 - Industrial Machinery and Equipment

NAICS Code

423830 - Industrial Machinery and Equipment Merchant Wholesalers

Loan Approval Date

8/9/2005

Loan Approval Gross Amount

$887,500

Loan Approval from the SBA

Of the total $887,500 loan amount, the SBA guaranteed $665,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 27 employees. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

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We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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