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May 14, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Raleigh, Business Loans > Community Bank Of Mississippi Raleigh Business Loans > Eating Places Loan | ||||
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SBA Lender Columbia Mississippi
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Drinking Places LoansLooking for loans for drinking places? An SBA loan may be just what you've been looking for. This $95,000 drinking places loan was issued by a Mississippi bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Columbia, Mississippi was able to borrow $95,000 from Community Bank Of Mississippi. The SBA made the loan possible by guaranteeing $80,750 of this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender COMMUNITY BANK OF MISSISSIPPI This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722410 - Drinking Places Loan Approval Date 11/20/2003 Loan Approval Gross Amount $95,000 Loan Approval from the SBA Of the total $95,000 loan amount, the SBA guaranteed $80,750. 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 7 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community Bank Of Mississippi and they will explain how you can get an SBA loan for your company. 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: Determining Proper Capital Structure for a Business Find an SBA Lender in Raleigh, Mississippi
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