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May 17, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Biloxi, Business Loans > Community Bank, Coast Biloxi Business Loans > Florists Loan | ||||
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Mississippi Bank SBA Loans
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Business Loan from Community Bank, Coast Given to Florists CompanyCommunity Bank, Coast and the SBA work together to get business loans for growing small businesses. Here's an example of how a Mississippi entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gulfport, Mississippi was able to borrow $50,900 from Community Bank, Coast. The SBA made the loan possible by guaranteeing $43,265 of this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender COMMUNITY BANK, COAST SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453110 - Florists Loan Approval Date 9/29/2006 Loan Approval Gross Amount $50,900 Loan Approval from the SBA Of the total $50,900 loan amount, the SBA guaranteed $43,265. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the borrowed money would help generate 3 new jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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, Coast 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: SBA Approved Banks in Biloxi, Mississippi
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