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December 4, 2024  
 
 
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Loan Census SBA Loan Info

Jackson, Mississippi Bank Gives SBA Loan to Machine Tool Accessories Company

A Jackson, Mississippi SBA loan can be yours. Learn how a business got a $44,500 business loan from this Mississippi bank.

This loan to an entrepreneur is a good example of an SBA loan. Trustmark National Bank made the loan and the SBA guaranteed a portion of the loan. Many other Mississippi entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: MACHINE TOOL ACCESSORIES
BRANDON, MS 39042

SBA Loan Lender

TRUSTMARK NATIONAL BANK
248 E CAPITOL ST
JACKSON, MS 39201

This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

3545 - Machine Tool Accessories

Loan Approval Date

1/14/2000

Loan Approval Gross Amount

$44,500

Loan Approval from the SBA

Of the total $44,500 loan amount, the SBA guaranteed $22,250.

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 only one employee. This SBA loan request indicated that the borrowed money would help generate 2 new jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

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 Trustmark National Bank 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:

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