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May 14, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Mount Olive, Business Loans > Regions Bank Mount Olive Business Loans > Broilers And Meat Type Loan | ||||
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D'Lo, Mississippi Bank Loan
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Bank Loans for Broilers and Meat TypeLooking for bank loans for broilers and meat type? An SBA loan may be just what you've been looking for. This $465,000 broilers and meat type loan was issued by a Mississippi bank. This company knew how to go about getting a business bank loan. Based in D'Lo, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Regions Bank, based in Mount Olive, Mississippi. SBA Loan Borrower COMPANY TYPE: BROILERS AND MEAT TYPE SBA Loan Lender REGIONS BANK 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 112320 - Broilers and Meat Type Loan Approval Date 4/24/2003 Loan Approval Gross Amount $465,000 Loan Approval from the SBA Of the total $465,000 loan amount, the SBA guaranteed $348,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. 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 Regions 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: Borrowing Money from Friends and Family Best Mount Olive, Mississippi Banks for Small Business
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