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December 23, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Legal Services Loan | ||||
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Best Banks That Lend to Memphis Small Business Owners
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Memphis, Tennessee Entrepreneur Gets a Bank LoanLooking to get a Tennessee bank loan? This Tennessee entrepreneur got a bank loan, provided by an Ohio bank that works with the SBA to help small business owners. Getting a small business loan in Memphis, Tennessee was a top priority for this loan applicant back in 2000 and, based on their loan application, they were successful in getting an SBA loan from U.S. Bank National Association. Here are the details on this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: LEGAL SERVICES SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8111 - Legal Services NAICS Code 541110 - Lawyers Loan Approval Date 9/8/2000 Loan Approval Gross Amount $36,000 Loan Approval from the SBA Of the total $36,000 loan amount, the SBA guaranteed $27,000. 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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Memphis or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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:
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