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May 15, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Madison, Business Loans > Merchants & Farmers Bank Madison Business Loans > Jewelry Stores Loan | ||||
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Business Loans for Pearl Business Owners
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Financing for Jewelry StoresLooking for commercial loans for jewelry stores? Talk to a banker who works with the SBA. This $128,010 jewelry stores loan was issued by a Mississippi bank. This business knew how to go about getting a business bank loan. Based in Pearl, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Merchants & Farmers Bank, based in Madison, Mississippi. SBA Loan Borrower COMPANY TYPE: JEWELRY STORES SBA Loan Lender MERCHANTS & FARMERS BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448310 - Jewelry Stores Loan Approval Date 2/6/2002 Loan Approval Gross Amount $128,010 Loan Approval from the SBA Of the total $128,010 loan amount, the SBA guaranteed $108,808. 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. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $128,010. How would you spend $128,010 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: SBA 7A Banks for Madison, Mississippi Loans
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