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May 10, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Vicksburg, Business Loans > Guaranty Bank & Trust Co. Vicksburg Business Loans > Commercial Art And Graphic Design Loan | ||||
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Vicksburg, Mississippi Bank Loan
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Commercial Loans for Graphic Design ServicesWith these commercial loans for graphic design services, the SBA guarantees the lender that the loan will be repaid. This graphic design services loan for $64,000 was given to a Mississippi entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Vicksburg, Mississippi was able to borrow $64,000 from Guaranty Bank & Trust Co.. The SBA made the loan possible by guaranteeing $54,400 of this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL ART AND GRAPHIC DESIGN SBA Loan Lender GUARANTY BANK & TRUST CO. This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7336 - Commercial Art and Graphic Design NAICS Code 541430 - Graphic Design Services Loan Approval Date 10/3/2002 Loan Approval Gross Amount $64,000 Loan Approval from the SBA Of the total $64,000 loan amount, the SBA guaranteed $54,400. 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 3 employees. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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 Guaranty Bank & Trust Co. 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: SBA 7A Lenders in Vicksburg, Mississippi
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