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May 18, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Biloxi, Business Loans > Community Bank, Coast Biloxi Business Loans > Home Furnishings Stores Loan | ||||
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Community Bank, Coast SBA 7A Loans
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Home Furnishings Stores Commercial LoansLooking for commercial loans for home furnishings stores? An SBA loan may be just what you've been looking for. This $150,000 home furnishings stores loan was issued by a Mississippi bank. This business knew how to go about getting a business bank loan. Based in Gulfport, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Community Bank, Coast, based in Biloxi, Mississippi. SBA Loan Borrower COMPANY TYPE: HOME FURNISHINGS STORES SBA Loan Lender COMMUNITY BANK, COAST 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 442299 - Home Furnishings Stores Loan Approval Date 9/22/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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: Family and Friend Investors - Your First Financiers Small Bank Loans in Biloxi, Mississippi SBA Participating Banks in Mississippi
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