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| Entrepreneur Resources | Regions Bank Memphis Business Loans | ||||
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Banks in Memphis, Tennessee That Make SBA Loans
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Memphis, Tennessee Bank Lends Money to Dynamic Media Technologies Inc in Miami, FloridaFind Memphis, Tennessee banks that specialize in SBA loans and know how to work with entrepreneurs. Regions Bank is one such bank, as evidenced by this SBA loan to Dynamic Media Technologies 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, Dynamic Media Technologies 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 DYNAMIC MEDIA TECHNOLOGIES INC SBA Loan Lender REGIONS BANK This lender processed this SBA small 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 811212 - Computer and Office Machine Repair and Maintenance Loan Approval Date 11/29/2004 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $20,000. More Information on This SBA Loan The borrower, Dynamic Media Technologies Inc, 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 3 employees. This SBA loan request indicated that the loan would help create 3 new jobs. This loan was paid in full, and was closed out on 8/23/2006. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Dynamic Media Technologies 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 Dynamic Media Technologies 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: Borrowing Money from Friends and Family Who Lends Money to Small Businesses 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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