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| Entrepreneur Resources | Regions Bank Memphis Business Loans | ||||
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Memphis, Tennessee SBA Lenders
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Memphis, Tennessee Lender Lends Money to Carmel Coin Laundry IncFind Memphis, Tennessee banks that specialize in small business loans and know how to work with entrepreneurs. Regions Bank is one such bank, as evidenced by this SBA loan to Carmel Coin Laundry Inc.
Finding a small business loan in Miami, Florida starts with an understanding of who else has gotten loans in the area. In this case, Carmel Coin Laundry Inc received funding from Regions Bank Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower CARMEL COIN LAUNDRY INC SBA Loan Lender REGIONS BANK This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 9/21/2001 Loan Approval Gross Amount $22,300 Loan Approval from the SBA Of the total $22,300 loan amount, the SBA guaranteed $11,150. More Information on This SBA Loan The borrower, Carmel Coin Laundry Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help retain 5 existing jobs. This loan was paid in full, and was closed out on 8/31/2006. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Carmel Coin Laundry Inc needed a loan. Regions Bank probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Regions Bank made the loan. The end result was that Carmel Coin Laundry Inc 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 SBA loan database. Related Links: Small Business Banks in Memphis, Tennessee Getting a Business Loan in Tennessee If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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