Brownsville, Tennessee Lender Lends Money to Couriers And Express Delivery Services Company

Get to know Brownsville, Tennessee banks that specialize in small business loans and know how to work with entrepreneurs. Insouth Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Memphis,, Tennessee starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Insouth Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: COURIERS AND EXPRESS DELIVERY SERVICES
Memphis,, TN 38103

SBA Loan Lender

INSOUTH BANK
111 S WASHINGTON
BROWNSVILLE, TN 38012

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

492110 - Couriers and Express Delivery Services

Loan Approval Date

12/28/2004

Loan Approval Gross Amount

$55,200

Loan Approval from the SBA

Of the total $55,200 loan amount, the SBA guaranteed $27,600.

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 42 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Insouth Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Insouth Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Accountant's Role in Securing Financing

Small Business Banks in Brownsville, Tennessee

Getting an SBA Loan in Tennessee