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| Entrepreneur Resources | Regions Bank Memphis Business Loans | ||||
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Regions Bank Small Business Loan
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Loans for Offices of Holding CompaniesWith these loans for offices of holding companies, the SBA guarantees the lender that the loan will be repaid. This offices of holding companies loan for $81,000 was given to a Florida entrepreneur in 2002.
Kalei's Corp received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Regions Bank, out of Memphis, Tennessee. The loan was granted and they received $81,000 to help grow their Miami, Florida business. SBA Loan Borrower KALEI'S CORP SBA Loan Lender REGIONS BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 551112 - Offices of Other Holding Companies Loan Approval Date 1/18/2002 Loan Approval Gross Amount $81,000 Loan Approval from the SBA Of the total $81,000 loan amount, the SBA guaranteed $40,500. More Information on This SBA Loan The borrower, Kalei's Corp, 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 4 employees. The loan application indicated that the loan would help retain 4 existing jobs. This loan was paid in full, and was closed out on 7/31/2007. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Miami or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 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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