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May 18, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Pearl, Business Loans > Community Bank Of Mississippi Pearl Business Loans > Sports And Recreation Instruction Loan | ||||
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Business Loan from Community Bank Of Mississippi
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Business Loan from Community Bank Of Mississippi Given to Sports And Recreation Instruction CompanyCommunity Bank Of Mississippi and the SBA work together to get business loans for growing small businesses. Here's an example of how a Mississippi entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pearl, Mississippi was able to borrow $345,800 from Community Bank Of Mississippi. The SBA made the loan possible by guaranteeing $259,350 of this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: SPORTS AND RECREATION INSTRUCTION SBA Loan Lender COMMUNITY BANK OF MISSISSIPPI This SBA bank 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 611620 - Sports and Recreation Instruction Loan Approval Date 9/30/2005 Loan Approval Gross Amount $345,800 Loan Approval from the SBA Of the total $345,800 loan amount, the SBA guaranteed $259,350. More Information on This SBA Loan The borrower borrowed this money for an existing 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 3 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 Pearl, Mississippi
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