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May 18, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Biloxi, Business Loans > Community Bank, Coast Biloxi Business Loans > Motor Vehicle Supplies And New Parts Merchant Wholesalers Loan | ||||
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How to Get SBA Loans in Ocean Springs, Mississippi
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Bank Loans for Motor Vehicle Supplies and New Parts Merchant WholesalersLooking for bank loans for motor vehicle supplies and new parts merchant wholesalers? Try the SBA. This $150,000 motor vehicle supplies and new parts merchant wholesalers loan was issued by a Mississippi bank. Getting a small business loan in Ocean Springs, Mississippi was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Community Bank, Coast, operating out of Biloxi, Mississippi. Here are the details on this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS MERCHANT WHOLESALERS SBA Loan Lender COMMUNITY BANK, COAST This business 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 423120 - Motor Vehicle Supplies and New Parts Merchant Wholesalers Loan Approval Date 8/14/2007 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 3 employees. This SBA loan request indicated that the borrowed money would help generate 3 new jobs. Start the Process for Getting an SBA Loan Today! 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Good Banks for Small Business in Biloxi, Mississippi
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