Morton, Mississippi Business Gets SBA-Guaranteed Funding from First Financial Bank
An SBA loan from First Financial Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Morton, Mississippi business owner got a $1,333,000 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Morton, Mississippi was able to borrow $1,333,000 from First Financial Bank. The SBA made the loan possible by guaranteeing $999,750 of this Mississippi small business loan.
SBA Loan Borrower
COMPANY TYPE: BROILERS AND MEAT TYPE
MORTON, MS 39117
SBA Loan Lender
FIRST FINANCIAL BANK
206 N VAN BUREN
CARTHAGE, MS 39051
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
112320 - Broilers and Meat Type
Loan Approval Date
4/19/2002
Loan Approval Gross Amount
$1,333,000
Loan Approval from the SBA
Of the total $1,333,000 loan amount, the SBA guaranteed $999,750.
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 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,333,000 loan. Remember, if it to be, it is up to me!
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:
Alternative Financing
SBA Participating Banks in Carthage, Mississippi
Mississippi SBA 7A Banks