Magee, Mississippi Bank Lends Money to Chicken Egg Production Company in Brandon, Mississippi

Find Magee, Mississippi banks that specialize in small business loans and know how to work with entrepreneurs. Peoples Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Brandon, Mississippi starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Peoples Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CHICKEN EGG PRODUCTION
BRANDON, MS 39042

SBA Loan Lender

PEOPLES BANK
611 5TH AVE
MAGEE, MS 39111

This SBA small business 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

112310 - Chicken Egg Production

Loan Approval Date

5/15/2007

Loan Approval Gross Amount

$261,500

Loan Approval from the SBA

Of the total $261,500 loan amount, the SBA guaranteed $196,125.

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 indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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

SBA 7A Banks in Magee, Mississippi

SBA Lenders in Mississippi