 |
 |
May 19, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Mississippi Business Loan Sources > New Orleans, Business Loans > Whitney National Bank New Orleans Business Loans > Motor Vehicle Dealers Loan | ||||
 |
||||
SBA Lender Pascagoula
|
||||
 |
Pascagoula, Mississippi Business Gets SBA-Guaranteed Funding from Whitney National BankAn SBA loan from Whitney National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Pascagoula, Mississippi business owner got a $72,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pascagoula, Mississippi was able to borrow $72,000 from Whitney National Bank. The SBA made the loan possible by guaranteeing $61,200 of this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE DEALERS SBA Loan Lender WHITNEY NATIONAL BANK This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5521 - Motor Vehicle Dealers NAICS Code 441120 - Used Car Dealers Loan Approval Date 10/19/2001 Loan Approval Gross Amount $72,000 Loan Approval from the SBA Of the total $72,000 loan amount, the SBA guaranteed $61,200. More Information on This SBA Loan The borrower borrowed this money for a new 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 loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. We can help you find the best banks for small businesses in Pascagoula or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Find an SBA Lender in New Orleans, Louisiana Browse All Business Loan Sources for Louisiana
|
|
||
|
||||
|
|
||||