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December 24, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Memphis, Business Loans > Regions Bank Memphis Business Loans > Testing Laboratories Loan | ||||
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We Needed a Business Loan in Nokomis, Florida and We Got One!
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Getting an SBA Loan for Professional, Scientific, and Technical ServicesLooking for commercial loans for professional, scientific, and technical services? An SBA loan may be just what you've been looking for. This $783,000 professional, scientific, and technical services loan was issued by a Tennessee bank. This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Regions Bank, out of Memphis, Tennessee. The loan was granted and they received $783,000 to help grow their Nokomis, Florida business. SBA Loan Borrower COMPANY TYPE: TESTING LABORATORIES SBA Loan Lender REGIONS BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8734 - Testing Laboratories NAICS Code 541990 - Professional, Scientific, and Technical Services Loan Approval Date 4/5/2001 Loan Approval Gross Amount $783,000 Loan Approval from the SBA Of the total $783,000 loan amount, the SBA guaranteed $587,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Determining Proper Capital Structure for a Business Who Lends Money to Small Businesses in Memphis, Tennessee
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