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| Entrepreneur Resources | Regions Bank Memphis Business Loans | ||||
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Miami SBA Loans
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Regions Bank Gives Business Loan to Classe North America IncFlorida SBA loans are available to Florida entrepreneurs through the SBA. In this case, a Tennessee bank provides the loan.
Classe North America Inc, based in Miami, Florida, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Regions Bank. We've got the inside scoop on this Florida small business loan. SBA Loan Borrower CLASSE NORTH AMERICA INC SBA Loan Lender REGIONS BANK This lender processed this SBA business 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 422990 - Other Miscellaneous Nondurable Goods Wholesalers Loan Approval Date 3/28/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower, Classe North America Inc, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Classe North America 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 Classe North America 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: Raising VC Money for Social Networking Companies SBA Participating Banks in Memphis, 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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