Firm Gets a Mississippi Business Loan
Small business loans in Mississippi are tough to come by these days. We take a look at one Mississippi small business loan, provided by a Mississippi bank, that was approved by the SBA.
You can learn something about getting a small business loan in Tylertown, Mississippi by studying this loan to a local company, made back in 2001. Banks like Pike National Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
TYLERTOWN, MS 39667
SBA Loan Lender
PIKE NATIONAL BANK
350 RAWLS DR
MCCOMB, MS 39648
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
421310 -
Loan Approval Date
1/9/2001
Loan Approval Gross Amount
$350,000
Loan Approval from the SBA
Of the total $350,000 loan amount, the SBA guaranteed $262,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 54 employees. The loan application did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $350,000 loan. Remember, anyone can do it... so why not 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:
Understanding Dilution
Small Bank Loans in Mccomb, Mississippi
Getting an SBA Loan in Mississippi