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May 21, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Jackson, Business Loans > Trustmark National Bank Jackson Business Loans > Drinking Places Loan | ||||
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Cordova, Tennessee Bank Loan
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Small Business Loans for Drinking PlacesLooking for small business loans for drinking places? Try the SBA. This $81,100 drinking places loan was issued by a Mississippi bank. Getting a small business loan in Cordova, Tennessee was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Trustmark National Bank, operating out of Jackson, Mississippi. Here are the details on this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender TRUSTMARK NATIONAL BANK This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 722410 - Drinking Places Loan Approval Date 6/8/2006 Loan Approval Gross Amount $81,100 Loan Approval from the SBA Of the total $81,100 loan amount, the SBA guaranteed $40,550. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Trustmark National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA Participating Banks in Jackson, Mississippi
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