 |
 |
May 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Kosciusko, Business Loans > Cit. National Bank - Meridian Kosciusko Business Loans > Broiler, Fryer, And Roaster Chickens Loan | ||||
 |
||||
Mississippi SBA Banks
|
||||
 |
Kosciusko, Mississippi Bank Lends Money to Broiler, Fryer, And Roaster Chickens Company in Kosciusko, MississippiGet to know Kosciusko, Mississippi banks that specialize in SBA loans and know how to work with entrepreneurs. Cit. National Bank - Meridian is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Kosciusko, Mississippi starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Cit. National Bank - Meridian. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS SBA Loan Lender CIT. NATIONAL BANK - MERIDIAN SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0251 - Broiler, Fryer, and Roaster Chickens NAICS Code 112320 - Broilers and Meat Type Loan Approval Date 3/24/2006 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. This loan was not for a franchise. At the time of the loan, the company had 25 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Cit. National Bank - Meridian had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Cit. National Bank - Meridian made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - How to Decide How Much to Raise SBA 7A Banks for Kosciusko, Mississippi Loans SBA Participating Banks in Mississippi
|
|
||
|
||||
|
|
||||