Entrepreneur Works With Memphis, Tennessee Bank to Get an SBA Loan
Get SBA loans from a Memphis, Tennessee bank that knows how to treat small business owners right! If L & S Oil LLC can get a loan, there's no reason you can't do it too.
Regions Bank is a Memphis, Tennessee small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to L & S Oil LLC a Florida company.
SBA Loan Borrower
L & S OIL LLC
2810 NW 12TH AVE
MIAMI, FL 33127
SBA Loan Lender
REGIONS BANK
6200 POPLAR AVE
MEMPHIS, TN 38119
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
447110 - Gasoline Stations with Convenience Stores
Loan Approval Date
7/11/2002
Loan Approval Gross Amount
$1,235,000
Loan Approval from the SBA
Of the total $1,235,000 loan amount, the SBA guaranteed $926,250.
More Information on This SBA Loan
The borrower, L & S Oil LLC, 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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
L & S Oil LLC got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Obtaining Funding From a Venture Capitalist
SBA Banks in Memphis, Tennessee
SBA Lenders in Tennessee
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