Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Mize, Mississippi

 
Loan Census SBA Loan Info

Small business loans in Mize, Mississippi are available. You just need to talk to the right bank.

These materials were prepared for entrepreneurs in Mize, Mississippi who are interested in getting a bank loan.

Local Mize Lending Resources

To assist you in finding a small business banker, here's our list of small business banks in Mize.

Small Business Bank Recent SBA Loans
Trustmark Bank - Mize Branch Office  

Business Loan Providers for Mize Businesses

This is a list of banks outside of Mize, Mississippi that have provided SBA loans to Mize businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
2
Community Bank Of Mississippi
Forest, MS
1
Community Bank Of Mississippi
Raleigh, MS
1
Community Bank, Ellisville
Ellisville, MS
2
Compass Bank
Birmingham, AL
1
First Financial Bank
Carthage, MS
2
First Financial Bank
El Dorado, AR
1
Peoples Bank
Magee, MS
4
Peoples Bank
Mendenhall, MS
1
Trustmark National Bank
Jackson, MS
4

Tips for Getting a Business Loan in Mize

Prior to reaching out to banks for a loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the bank.

A well-defined business plan is is critically important. If the money is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list participate in the financial assistance programs available through the SBA. Prior to visiting local banks, you may want to do your homework on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we suggest you read Business Incubators.

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