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May 17, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Magee, Business Loans > Peoples Bank Magee Business Loans > Broilers And Meat Type Loan | ||||
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Peoples Bank Mt. Olive, Mississippi
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Mt. Olive, Mississippi Business Gets SBA-Guaranteed Funding from Peoples BankPeoples Bank has a track record as a leading provider of SBA loans. Find out how this Mississippi entrepreneur received an SBA loan from them. This growing company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Peoples Bank, out of Magee, Mississippi. The loan was granted and they received $1,148,295 to help grow their Mt. Olive, Mississippi business. SBA Loan Borrower COMPANY TYPE: BROILERS AND MEAT TYPE SBA Loan Lender PEOPLES BANK This SBA 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 5/31/2007 Loan Approval Gross Amount $1,148,295 Loan Approval from the SBA Of the total $1,148,295 loan amount, the SBA guaranteed $861,221. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: The Friends and Family Network Small Business Banks in Magee, Mississippi
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