Raising Money for Vending Machine Operators

With these bank loans for vending machine operators, the SBA guarantees the lender that the loan will be repaid. This vending machine operators loan for $15,400 was given to a Mississippi entrepreneur in 2007.

This small firm knew how to go about getting a business bank loan. Based in Brookhaven, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Trustmark National Bank, based in Jackson, Mississippi.

SBA Loan Borrower

COMPANY TYPE: VENDING MACHINE OPERATORS
BROOKHAVEN, MS 39601

SBA Loan Lender

TRUSTMARK NATIONAL BANK
248 E CAPITOL ST
JACKSON, MS 39201

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454210 - Vending Machine Operators

Loan Approval Date

1/26/2007

Loan Approval Gross Amount

$15,400

Loan Approval from the SBA

Of the total $15,400 loan amount, the SBA guaranteed $13,090.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

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

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Business Credit Evaluation

Small Business Banks in Jackson, Mississippi

Mississippi SBA Bank Lenders