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May 18, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Greenville, Business Loans > Guaranty Bank & Trust Co. Greenville Business Loans > Insurance Agencies And Brokerages Loan | ||||
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Greenville, Mississippi SBA Lenders
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Entrepreneur Works With Greenville, Mississippi Bank to Get an SBA LoanGet to know Greenville, Mississippi banks that specialize in small business loans and know how to work with entrepreneurs. Guaranty Bank & Trust Co. is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Greenville, Mississippi starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Guaranty Bank & Trust Co.. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES SBA Loan Lender GUARANTY BANK & TRUST CO. This loan for a small business 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 524210 - Insurance Agencies and Brokerages Loan Approval Date 9/27/2004 Loan Approval Gross Amount $611,300 Loan Approval from the SBA Of the total $611,300 loan amount, the SBA guaranteed $458,475. 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 4 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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: Find an SBA Lender in Greenville, Mississippi
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