Mississippi Entrepreneur Secures Financing to Buy Val Pak Franchise

Borrowing money to purchase a Val Pak franchise? State Bank & Trust Company has a history of making these loans and they are guaranteed by the SBA.

Val Pak franchise loans are available to Madison, Mississippi entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, State Bank & Trust Company, based in Greenwood, Mississippi, issued an SBA franchise loan for a Val Pak franchise in 2001. We've got all the details on this Mississippi small business loan.

SBA Loan Borrower

VAL-PAK OF MISSISSIPPI
MADISON, MS 39110

SBA Loan Lender

STATE BANK & TRUST COMPANY
916 HWY 82 BY-PASS
GREENWOOD, MS 38930

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7331 - Direct Mail Advertising Services

NAICS Code

511140 - Database and Directory Publishers

Loan Approval Date

9/17/2001

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $80,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Val Pak franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from State Bank & Trust Company so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Valpak Direct Marketing Systems, Inc.

Bank Credit Lines

Small Business Banks in Greenwood, Mississippi

Mississippi SBA 7A Lenders