Trustmark National Bank SBA Loan to Commercial Screen Printing Company
Trustmark National Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Mississippi entrepreneur who tapped into the power of SBA loans.
This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Trustmark National Bank, out of Jackson, Mississippi. The loan was granted and they received $40,500 to help grow their Canton, Mississippi business.
SBA Loan Borrower
COMPANY TYPE: COMMERCIAL SCREEN PRINTING
CANTON, MS 39046
SBA Loan Lender
TRUSTMARK NATIONAL BANK
248 E CAPITOL ST
JACKSON, MS 39201
The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
323113 - Commercial Screen Printing
Loan Approval Date
9/22/2005
Loan Approval Gross Amount
$40,500
Loan Approval from the SBA
Of the total $40,500 loan amount, the SBA guaranteed $20,250.
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 only one employee. The loan application indicated that the loan would help retain 1 existing job.
Getting an SBA Loan For Your Business
If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $40,500 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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 Cash Advances
SBA Participating Banks in Jackson, Mississippi
Browse All Business Loan Sources for Mississippi