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May 16, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Jackson, Business Loans > Trustmark National Bank Jackson Business Loans > Furniture Stores Loan | ||||
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Mississippi Bank SBA Loans
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Columbus, Mississippi Business Gets SBA-Guaranteed Funding from Trustmark National BankAn SBA loan from Trustmark National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Columbus, Mississippi business owner got a $409,500 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Columbus, Mississippi was able to borrow $409,500 from Trustmark National Bank. The SBA made the loan possible by guaranteeing $307,125 of this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender TRUSTMARK NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 3/14/2007 Loan Approval Gross Amount $409,500 Loan Approval from the SBA Of the total $409,500 loan amount, the SBA guaranteed $307,125. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 17 employees. The loan application indicated that the loan would help retain 17 existing jobs. Next Steps for Getting an SBA Loan Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Columbus or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Best Banks for Small Business in Jackson, Mississippi
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