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| Entrepreneur Resources | Regions Bank Memphis Business Loans | ||||
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Regions Bank
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Business Loan from Regions Bank Given to Madani IncRegions Bank has a track record as a leading provider of SBA loans. Find out how this Florida entrepreneur received an SBA loan from them.
Madani Inc knew how to go about getting a business bank loan. Based in Miami, Florida, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Regions Bank, based in Memphis, Tennessee. SBA Loan Borrower MADANI INC SBA Loan Lender REGIONS BANK The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 10/23/2002 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, Madani Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs. This loan was paid in full, and was closed out on 3/3/2005. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan to Madani Inc shows that any business with ambition and the right qualifications can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: SBA 7A Lenders in Memphis, Tennessee Getting an SBA 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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