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May 18, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Pearl, Business Loans > Trustmark National Bank Pearl Business Loans > Broiler, Fryer, And Roaster Chickens Loan | ||||
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Trustmark National Bank Business Loans
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Trustmark National Bank SBA Loan to Broiler, Fryer, And Roaster Chickens CompanyAn SBA loan from Trustmark National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bay Springs, Mississippi business owner got a $464,500 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bay Springs, Mississippi was able to borrow $464,500 from Trustmark National Bank. The SBA made the loan possible by guaranteeing $348,375 of this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS SBA Loan Lender TRUSTMARK NATIONAL BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0251 - Broiler, Fryer, and Roaster Chickens NAICS Code 112320 - Broilers and Meat Type Loan Approval Date 11/21/2005 Loan Approval Gross Amount $464,500 Loan Approval from the SBA Of the total $464,500 loan amount, the SBA guaranteed $348,375. More Information on This SBA Loan The borrower 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. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Trustmark National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Find an SBA Lender in Pearl, Mississippi
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