Leland, MS Entrepreneur Gets SBA Loan to Buy Stop & Shop Franchise

Need a loan to purchase a Stop & Shop franchise? Community Bank No. Mississippi has a history of making these loans and they are guaranteed by the SBA.

If you live near Leland, Mississippi and are interested in buying a Stop & Shop franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Community Bank No. Mississippi. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

STOP-N-SHOP
LELAND, MS 38756

SBA Loan Lender

COMMUNITY BANK NO. MISSISSIPPI
147 HWY 82 EAST
INDIANOLA, MS 38751

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide 7A business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

2/5/2002

Loan Approval Gross Amount

$360,000

Loan Approval from the SBA

Of the total $360,000 loan amount, the SBA guaranteed $270,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Stop & Shop franchise. At the time of the loan, the company had 50 employees. The loan application did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $360,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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Mississippi SBA 7A Lenders