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May 9, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Brandon, Business Loans > Trustmark National Bank Brandon Business Loans > Women's Clothing Stores Loan | ||||
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Who Can Get a Business Loan in Ridgeland, Mississippi?
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Borrowing Money for Women's Clothing StoresLooking for bank loans for women's clothing stores? The SBA may be the answer. This $102,200 women's clothing stores loan was issued by a Mississippi bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ridgeland, Mississippi was able to borrow $102,200 from Trustmark National Bank. The SBA made the loan possible by guaranteeing $86,870 of this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: WOMEN'S CLOTHING STORES SBA Loan Lender TRUSTMARK NATIONAL BANK This lender issued this particular bank 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. SIC Code 5621 - Women's Clothing Stores NAICS Code 448120 - Women's Clothing Stores Loan Approval Date 7/1/2002 Loan Approval Gross Amount $102,200 Loan Approval from the SBA Of the total $102,200 loan amount, the SBA guaranteed $86,870. 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 4 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Microlending as a Small Business Funding Source Where to Get an SBA Loan in Brandon, Mississippi
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