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May 12, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > New Orleans, Business Loans > Gulf Coast Bank & Trust New Orleans Business Loans > Corrugated And Solid Fiber Box Manufacturing Loan | ||||
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Raising Money in Picayune, Mississippi With SBA Loans
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Financing for Corrugated and Solid Fiber Box ManufacturingWith these loans for corrugated and solid fiber box manufacturing, the SBA guarantees the lender that the loan will be repaid. This corrugated and solid fiber box manufacturing loan for $150,000 was given to a Mississippi entrepreneur in 2007. Getting a small business loan in Picayune, Mississippi was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Gulf Coast Bank & Trust, operating out of New Orleans, Louisiana. Here are the details on this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: CORRUGATED AND SOLID FIBER BOX MANUFACTURING SBA Loan Lender GULF COAST BANK & TRUST The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 322211 - Corrugated and Solid Fiber Box Manufacturing Loan Approval Date 7/12/2007 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 9 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 10 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Lenders in New Orleans, Louisiana
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