SBA Loans for Aquaculture

With these SBA loans for aquaculture, the SBA guarantees the lender that the loan will be repaid. This aquaculture loan for $100,000 was given to a Mississippi entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Belzoni, Mississippi was able to borrow $100,000 from Guaranty Bank & Trust Co.. The SBA made the loan possible by guaranteeing $85,000 of this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: AQUACULTURE
BELZONI, MS 39038

SBA Loan Lender

GUARANTY BANK & TRUST CO.
210 HAYDEN ST
BELZONI, MS 39038

This lender issued this particular 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.

NAICS Code

112519 - Aquaculture

Loan Approval Date

3/19/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 2 employees. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your 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.

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:

Financing Your Business

Find an SBA Lender in Belzoni, Mississippi

Mississippi SBA 7A Lenders