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May 14, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Biloxi, Business Loans > Community Bank, Coast Biloxi Business Loans > Eating Places Loan | ||||
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Get a Business Loan in Ocean Springs, Mississippi
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Mississippi Small Business Loan Issued to Eating Places CompanySBA loans in Mississippi are hard to find these days. We take a look at one Mississippi SBA loan, provided by a Mississippi bank, that was approved by the SBA. Getting a small business loan in Ocean Springs, Mississippi was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Community Bank, Coast. Here are the details on this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender COMMUNITY BANK, COAST This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 8/22/2000 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $64,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 13 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Ocean Springs or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Obtaining Funding - How to Borrow Money SBA Approved Banks in Biloxi, Mississippi
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