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May 9, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Forest, Business Loans > Community Bank Of Mississippi Forest Business Loans > Broiler, Fryer, And Roaster Chickens Loan | ||||
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Community Bank Of Mississippi
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Business Loan from Community Bank Of Mississippi Given to Broiler, Fryer, And Roaster Chickens CompanyCommunity Bank Of Mississippi has a track record as a leading provider of SBA loans. Find out how this Mississippi entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Union, Mississippi was able to borrow $137,900 from Community Bank Of Mississippi. The SBA made the loan possible by guaranteeing $103,425 of this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS SBA Loan Lender COMMUNITY BANK OF MISSISSIPPI SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0251 - Broiler, Fryer, and Roaster Chickens NAICS Code 112320 - Broilers and Meat Type Loan Approval Date 3/30/2006 Loan Approval Gross Amount $137,900 Loan Approval from the SBA Of the total $137,900 loan amount, the SBA guaranteed $103,425. 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 2 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community Bank Of Mississippi and they will explain how you can get an SBA loan for your company. 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: Borrowing Money from Friends and Family Best Banks in Forest, Mississippi
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