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April 20, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Forest, Business Loans > Community Bank Of Mississippi Forest Business Loans > Frullati Cafe & Bakery Loan | ||||
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Good Banks for Flowood Businesses
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Borrow Money to Buy a Frullati Cafe FranchiseBorrowing money to buy a Frullati Cafe franchise? Community Bank Of Mississippi has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Frullati Cafe franchise? If so, here's a 2006 SBA franchise loan that you should know about. Community Bank Of Mississippi was the lender and the entrepreneur was based in Flowood, Mississippi. SBA Loan Borrower FRULLATI CAFE & BAKERY SBA Loan Lender COMMUNITY BANK OF MISSISSIPPI The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/23/2006 Loan Approval Gross Amount $15,400 Loan Approval from the SBA Of the total $15,400 loan amount, the SBA guaranteed $13,090. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Frullati Cafe franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs. 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Best Forest, Mississippi Banks for Small Business
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