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May 2, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Birmingham, Business Loans > Regions Bank Birmingham Business Loans > Office And Store Fixtures, Partitions, Shelving Loan | ||||
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Regions Bank SBA Loans Ridgeland, Mississippi
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Ridgeland, Mississippi Business Gets SBA-Guaranteed Funding from Regions BankAn SBA loan from Regions Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Ridgeland, Mississippi business owner got a $259,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ridgeland, Mississippi was able to borrow $259,000 from Regions Bank. The SBA made the loan possible by guaranteeing $194,250 of this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: OFFICE AND STORE FIXTURES, PARTITIONS, SHELVING SBA Loan Lender REGIONS BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2542 - Office and Store Fixtures, Partitions, Shelving NAICS Code 491110 - Postal Service Loan Approval Date 6/4/2001 Loan Approval Gross Amount $259,000 Loan Approval from the SBA Of the total $259,000 loan amount, the SBA guaranteed $194,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. 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 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $259,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Role of Business Plan When Raising Money Find an SBA Lender in Birmingham, Alabama
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