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May 3, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Jackson, Business Loans > Trustmark National Bank Jackson Business Loans > Consumer Goods Rental Loan | ||||
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SBA Lender Jackson, Mississippi
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Entrepreneur Works With Jackson, Mississippi Bank to Get an SBA LoanGet to know Jackson, Mississippi banks that specialize in SBA loans and know how to work with entrepreneurs. Trustmark National Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Brandon, Mississippi starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Trustmark National Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: CONSUMER GOODS RENTAL SBA Loan Lender TRUSTMARK NATIONAL BANK 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 532299 - Consumer Goods Rental Loan Approval Date 1/9/2001 Loan Approval Gross Amount $15,300 Loan Approval from the SBA Of the total $15,300 loan amount, the SBA guaranteed $7,650. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA 7A Banks in Jackson, Mississippi
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