Belzoni, Mississippi Entrepreneur Gets an SBA Loan

Bank loans in Mississippi are hard to find these days. We take a look at one Mississippi bank loan, provided by a Mississippi bank, that was approved by the SBA.

Getting a small business loan in Belzoni, Mississippi was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Guaranty Bank & Trust Co.. Here are the details on this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
BELZONI, MS 39038

SBA Loan Lender

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

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.

NAICS Code

811192 - Car Washes

Loan Approval Date

6/4/2007

Loan Approval Gross Amount

$382,300

Loan Approval from the SBA

Of the total $382,300 loan amount, the SBA guaranteed $286,725.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Belzoni or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Determining Proper Capital Structure for a Business

SBA 7A Banks in Belzoni, Mississippi

Getting a Business Loan in Mississippi