Financing for Tire Dealers

Looking for commercial loans for tire dealers? Talk to a banker who works with the SBA. This $150,000 tire dealers loan was issued by a Mississippi bank.

This business knew how to go about getting a business bank loan. Based in Hattiesburg, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Great Southern National Bank, based in Hattiesburg, Mississippi.

SBA Loan Borrower

COMPANY TYPE: TIRE DEALERS
HATTIESBURG, MS 39402

SBA Loan Lender

GREAT SOUTHERN NATIONAL BANK
5308 HWY 42
HATTIESBURG, MS 39401

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441320 - Tire Dealers

Loan Approval Date

2/18/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 5 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source

This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Bank Credit Lines

SBA Approved Banks in Hattiesburg, Mississippi

Getting an SBA Loan in Mississippi