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May 15, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Carthage, Business Loans > First Financial Bank Carthage Business Loans > Broilers And Meat Type Loan | ||||
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Banks Doing SBA Loans in Mississippi
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Carthage, Mississippi Bank Gives SBA Loan to Broilers And Meat Type CompanyWant to talk with a Carthage, Mississippi bank about a business loan? Here's one Mississippi business loan, issued by a Carthage bank, that was approved by the SBA. Applying for an SBA loan with First Financial Bank worked out well for our friends at one local business in Prentiss, Mississippi. The business was able to get an SBA loan for $110,000. Nice! SBA Loan Borrower COMPANY TYPE: BROILERS AND MEAT TYPE SBA Loan Lender FIRST FINANCIAL BANK This 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 4/23/2004 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. 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 2 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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 $110,000 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: Microlending as a Small Business Funding Source Where to Get an SBA Loan in Carthage, Mississippi SBA Participating Banks in Mississippi
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