Borrowing Money for Polish and Sanitation Good Manufacturing

With these loans for polish and sanitation good manufacturing, the SBA guarantees the lender that the loan will be repaid. This polish and sanitation good manufacturing loan for $150,000 was given to a Mississippi entrepreneur in 2004.

Getting a small business loan in Brandon, Mississippi was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Priorityone Bank, operating out of Brandon, Mississippi. Here are the details on this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY CLEANING, POLISHES AND SANITATION GOODS
BRANDON, MS 39047

SBA Loan Lender

PRIORITYONE BANK
1400 W GOVERNMENT
BRANDON, MS 39043

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2842 - Specialty Cleaning, Polishes and Sanitation Goods

NAICS Code

325612 - Polish and Sanitation Good Manufacturing

Loan Approval Date

2/9/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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SBA Approved Banks in Brandon, Mississippi

Mississippi SBA Bank Lenders