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May 17, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Jackson, Business Loans > Trustmark National Bank Jackson Business Loans > Support Activities For Oil And Gas Operations Loan | ||||
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Raising Money in Laurel, Mississippi With SBA Loans
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Support Activities for Oil and Gas Operations Small Business LoansLooking for small business loans for support activities for oil and gas operations? Talk to a banker who works with the SBA. This $50,400 support activities for oil and gas operations loan was issued by a Mississippi bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Laurel, Mississippi was able to borrow $50,400 from Trustmark National Bank. The SBA made the loan possible by guaranteeing $25,200 of this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: SUPPORT ACTIVITIES FOR OIL AND GAS OPERATIONS SBA Loan Lender TRUSTMARK NATIONAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 213112 - Support Activities for Oil and Gas Operations Loan Approval Date 3/18/2004 Loan Approval Gross Amount $50,400 Loan Approval from the SBA Of the total $50,400 loan amount, the SBA guaranteed $25,200. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Family and Friend Investors - Your First Financiers Best Banks in Jackson, Mississippi Getting an SBA Loan in Mississippi
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