Borrow Money to Buy a Mars Franchise

Need a loan to purchase a Mars franchise? Trustmark National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mars franchise may simply require a phone call to a local SBA banker. In 2004, Trustmark National Bank issued an SBA franchise loan to an entrepreneur in Pearl City, Mississippi. Because Mars was registered with the SBA's registry of franchises, this Mississippi small business loan was issued on an expedited basis.

SBA Loan Borrower

GILMORE'S MOBILE APPERANCE REC
PEARL CITY, MS 39208

SBA Loan Lender

TRUSTMARK NATIONAL BANK
201 COUNTRY PL PKWY
PEARL, MS 39208

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811121 - Automotive Body, Paint, and Interior Repair and Maintenance

Loan Approval Date

10/13/2004

Loan Approval Gross Amount

$43,400

Loan Approval from the SBA

Of the total $43,400 loan amount, the SBA guaranteed $36,890.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mars franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Angel Investors

Small Bank Loans in Pearl, Mississippi

Getting a Business Loan in Mississippi