Memphis, Tennessee Bank Gives SBA Loan to South Machine Transport Inc

Get small business loans from a Memphis, Tennessee bank that knows how to treat small business owners right! If South Machine Transport Inc 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 South Machine Transport Inc a Florida company.

SBA Loan Borrower

SOUTH MACHINE TRANSPORT INC
3150 NW 75 STREET
MIAMI, FL 33010

SBA Loan Lender

REGIONS BANK
6200 POPLAR AVE
MEMPHIS, TN 38119

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

484121 - General Freight Trucking, Long Distance, Truckload

Loan Approval Date

4/11/2002

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $17,500.

More Information on This SBA Loan

The borrower, South Machine Transport 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 9 employees. The loan application indicated that the loan would help retain 9 existing jobs. This loan was paid in full, and was closed out on 4/11/2005.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this South Machine Transport Inc loan from Regions Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Business Incubators

SBA Banks in Memphis, Tennessee

Find an SBA Lender in Tennessee

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