Entrepreneur Works With Carthage, Mississippi Bank to Get an SBA Loan
Thinking about meeting with a Carthage, Mississippi bank about an SBA loan? Here's one Mississippi business loan, issued by a Carthage bank, that was approved by the SBA.
Applying for an SBA loan with First Financial Bank worked out well for our friends at one local firm in Hickory, Mississippi. They received an SBA loan for $445,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: BROILERS AND MEAT TYPE
HICKORY, MS 39332
SBA Loan Lender
FIRST FINANCIAL BANK
206 N VAN BUREN
CARTHAGE, MS 39051
This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
112320 - Broilers and Meat Type
Loan Approval Date
6/21/2002
Loan Approval Gross Amount
$445,000
Loan Approval from the SBA
Of the total $445,000 loan amount, the SBA guaranteed $333,750.
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 2 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
We can help you find the best banks for small businesses in Hickory 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:
Strategic Investors
Small Bank Loans in Carthage, Mississippi
Where to Get an SBA Loan Mississippi