Carthage, Mississippi Lender Lends Money to Broilers And Meat Type Company
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 business in Lena, Mississippi. They received an SBA loan for $762,000. Awesome!
SBA Loan Borrower
COMPANY TYPE: BROILERS AND MEAT TYPE
LENA, MS 39094
SBA Loan Lender
FIRST FINANCIAL BANK
206 N VAN BUREN
CARTHAGE, MS 39051
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
112320 - Broilers and Meat Type
Loan Approval Date
11/9/2004
Loan Approval Gross Amount
$762,000
Loan Approval from the SBA
Of the total $762,000 loan amount, the SBA guaranteed $571,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 2 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Financial Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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.
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