Ellisville, Mississippi Lender Lends Money to Broilers And Meat Type Company
Find Ellisville, Mississippi banks that specialize in SBA loans and know how to work with entrepreneurs. Community Bank, Ellisville is one such bank, as evidenced by this SBA loan to one business.
Finding a small business loan in Monticello, Mississippi starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Community Bank, Ellisville. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: BROILERS AND MEAT TYPE
MONTICELLO, MS 39654
SBA Loan Lender
COMMUNITY BANK, ELLISVILLE
300 W JESSAMINE ST
ELLISVILLE, MS 39437
This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
112320 - Broilers and Meat Type
Loan Approval Date
3/3/2004
Loan Approval Gross Amount
$718,405
Loan Approval from the SBA
Of the total $718,405 loan amount, the SBA guaranteed $538,804.
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 2 employees. The loan application did not indicate that the small business promised to use the funding to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great way to raise money
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community Bank, Ellisville had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community Bank, Ellisville made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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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