Small Business Loans Memphis TN

The Microloan program is perhaps the most accessible to startup businesses. SBA Microloan funds go to approved, nonprofit organizations that accept loan applications and make loan decisions.
Able Mortgage Co
(901) 276-2980
1331 Union Ave
Memphis, TN
Ace Cash Express
(901) 763-1166
4899 Us 70
Memphis, TN
Southeastern Commercial Finance
(901) 507-3020
5860 Ridgeway Center Pwky. , Ste. 240
Memphis, TN
M & F Business Credit Inc
(901) 794-5334
2650 Thousand Oaks Blvd
Memphis, TN
Financial Federal Savings Bank
(901) 756-2848
6305 Humphreys Boulevard, Suite 100
Memphis, TN
Absolute Lending
(901) 327-4900
3340 Poplar Ave
Memphis, TN
Best Pawn
(901) 452-9366
3202 Jackson Ave
Memphis, TN
First Tennessee Bank National Association
(901) 385-3029
6891 Summer Ave
Memphis, TN
Advance America
(901) 380-9655
6092 Stage Rd
Memphis, TN
Acre Mortgage
(901) 590-1290
3287 Sarabee Ln
Memphis, TN

Small Business Loans

SBA Financing for Small Businesses

Currently, there are three basic financing programs that remain available through the SBA: the Microloan program for small businesses loans under $35,000, the Section 7(a) loan guarantee program, and the Section 504 Community Development Corporation program. All SBA guaranteed loans are done via your local bank. The SBA does not loan directly.

The Microloan program is perhaps the most accessible to startup businesses. SBA Microloan funds go to approved, nonprofit organizations that accept loan applications and make loan decisions. To locate a Microloan source in your area go to this link.

The Section 7(a) loan guarantee program includes a variety of separate specialized programs. The popular "LowDoc" program, implemented in 1993 to increase the availability of small loans (under $150,000) to businesses by reducing the burdensome paperwork previously required, was terminated in 2005 so you must now resign yourself to preparing extensive documentation for an SBA loan guarantee.

The Section 504 program involves SBA participation in private, nonprofit companies (Certified Development Companies or "CDCs") established for the purpose of providing long-term, fixed-asset financing to small businesses. ...

Click here to read the rest of this article from Business Owner's Toolkit