Get an SBA Loan for Meat Processed from Carcasses

With these small business loans for meat processed from carcasses, the SBA guarantees the lender that the loan will be repaid. This meat processed from carcasses loan for $51,300 was given to a Mississippi entrepreneur in 2003.

Getting a small business loan in Byram, Mississippi was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Trustmark National Bank, operating out of Jackson, Mississippi. Here are the details on this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: MEAT PROCESSED FROM CARCASSES
BYRAM, MS 39212

SBA Loan Lender

TRUSTMARK NATIONAL BANK
248 E CAPITOL ST
JACKSON, MS 39201

This lender issued this loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311612 - Meat Processed from Carcasses

Loan Approval Date

7/24/2003

Loan Approval Gross Amount

$51,300

Loan Approval from the SBA

Of the total $51,300 loan amount, the SBA guaranteed $38,475.

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 35 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Trustmark National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Advice on Getting a Small Business Loan

Best Banks for Small Business in Jackson, Mississippi

Where to Get an SBA Loan Mississippi