Community Bank Meridian Missis SBA Loan to No Industry Type Specified Company
Searching for a Mississippi small business loan? Here's one Mississippi business loan that was approved by the SBA.
This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Community Bank Meridian Missis, out of Meridian, Mississippi. The loan was granted and they received $130,000 to help grow their Meridian, Mississippi business.
SBA Loan Borrower
COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
MERIDIAN, MS 39301
SBA Loan Lender
COMMUNITY BANK MERIDIAN MISSIS
301 22ND AVE SOUTH
MERIDIAN, MS 39301
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
517510 -
Loan Approval Date
7/2/2004
Loan Approval Gross Amount
$130,000
Loan Approval from the SBA
Of the total $130,000 loan amount, the SBA guaranteed $110,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The SBA loan documents did not indicate that the company planned to use the money to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
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 $130,000 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.
Related Links:
SBIR Funding
Banks in Meridian, Mississippi
Getting a Business Loan in Mississippi