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| Entrepreneur Resources | Regions Bank Memphis Business Loans | ||||
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Banks Doing SBA Loans in Tennessee
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Memphis, Tennessee Bank Lends Money to Tudela Pharmacy Inc in Miami, FloridaWant to talk with a Memphis, Tennessee bank about a small business loan? Here's one Florida business loan, issued by a Memphis bank, that was approved by the SBA.
Applying for an SBA loan with Regions Bank worked out well for our friends at Tudela Pharmacy Inc in Miami, Florida. They received an SBA loan for $220,000. Awesome! SBA Loan Borrower TUDELA PHARMACY INC SBA Loan Lender REGIONS BANK 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 446110 - Pharmacies and Drug Stores Loan Approval Date 6/7/2001 Loan Approval Gross Amount $220,000 Loan Approval from the SBA Of the total $220,000 loan amount, the SBA guaranteed $165,000. More Information on This SBA Loan The borrower, Tudela Pharmacy 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 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs. This loan was paid in full, and was closed out on 11/30/2005. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Tudela Pharmacy Inc walked into Regions Bank and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Advice on Getting a Small Business Loan SBA Participating Banks in Memphis, Tennessee SBA Participating Banks 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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