Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

SunTrust Extends $16 Million Loan to Tribe Transportation

 

November 26, 2019



SunTrust Banks Inc. will serve as the sole lender of a $16 million deal to support the growth of Tribe Transportation, a Native American, female-owned transportation enterprise in Gainesville, Ga.

In a Nov. 14 news release, the bank said it provided a $10 million revolving line of credit to expand working capital and a $6 million equipment line to finance refrigerated trailers and corresponding cooling units.

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