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May 1, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Jackson, Business Loans > Trustmark National Bank Jackson Business Loans > Pop-A-Lock Of Memphis Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Borrow Money to Buy a Pop A Lock FranchiseBorrowing money to buy a Pop A Lock franchise? Trustmark National Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Pop A Lock franchise? If so, here's a 2001 SBA franchise loan that you should know about. Trustmark National Bank was the lender and the entrepreneur was based in Ridgeland, Mississippi. SBA Loan Borrower POP-A-LOCK OF MEMPHIS SBA Loan Lender TRUSTMARK NATIONAL BANK This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 561622 - Locksmiths Loan Approval Date 10/17/2001 Loan Approval Gross Amount $10,100 Loan Approval from the SBA Of the total $10,100 loan amount, the SBA guaranteed $5,050. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Pop A Lock franchise. At the time of the loan, the company had 9 employees. This SBA loan request indicated that the loan would help retain 9 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Trustmark National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Obtaining Funding - How to Decide How Much to Raise Good Banks for Small Business in Jackson, Mississippi
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