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May 1, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Jackson, Business Loans > Trustmark National Bank Jackson Business Loans > Potts & Associates, Inc. Loan | ||||
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Raising Money in Madison, Mississippi With SBA Loans
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Trustmark National Bank Provides SBA Loan to Buy Mail & More FranchiseNeed a loan to purchase a Mail & More franchise? Trustmark National Bank has a history of making these loans and they are guaranteed by the SBA. Mail & More franchise loans are available to Madison, Mississippi entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Trustmark National Bank, based in Jackson, Mississippi, issued an SBA franchise loan for a Mail & More franchise in 2005. We've got all the details on this Mississippi small business loan. SBA Loan Borrower POTTS & ASSOCIATES, INC. SBA Loan Lender TRUSTMARK NATIONAL BANK This SBA bank 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 561431 - Private Mail Centers Loan Approval Date 3/8/2005 Loan Approval Gross Amount $153,650 Loan Approval from the SBA Of the total $153,650 loan amount, the SBA guaranteed $115,238. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mail & More franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: Borrowing Money from Friends and Family SBA Approved Banks in Jackson, Mississippi
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