Loan Census Banking News and Information
May 16, 2024  
 
 
  Business Loan Information  
 

Magee, Mississippi SBA Banks

 

 
Loan Census SBA Loan Info

Magee, Mississippi Bank Gives SBA Loan to Broilers And Meat Type Company

Get SBA loans from a Magee, Mississippi bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Peoples Bank is a Magee, Mississippi small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Mississippi company.

SBA Loan Borrower

COMPANY TYPE: BROILERS AND MEAT TYPE
MENDENHALL, MS 39114

SBA Loan Lender

PEOPLES BANK
611 5TH AVE
MAGEE, MS 39111

This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112320 - Broilers and Meat Type

Loan Approval Date

5/12/2005

Loan Approval Gross Amount

$95,300

Loan Approval from the SBA

Of the total $95,300 loan amount, the SBA guaranteed $81,005.

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 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Mendenhall MS, you ought to talk with a local Mendenhall SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mendenhall businesses.

This SBA loan was for $95,300. How would you spend $95,300 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Business Credit Evaluation

Who Lends Money to Small Businesses in Magee, Mississippi

Mississippi SBA 7A Lenders