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November 14, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Carthage, Business Loans > First Financial Bank Carthage Business Loans > Broiler, Fryer, And Roaster Chickens Loan | ||||
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Best Banks That Lend to Carthage Small Businesses
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Local Business Gets a Mississippi Small Business LoanBusiness loans in Mississippi are are few and far betweeen these days. We take a look at one Mississippi business loan, provided by a Mississippi bank, that was approved by the SBA. Getting a small business loan in Carthage, Mississippi was a top priority for this SBA-financed company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from First Financial Bank. Here are the details on this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS SBA Loan Lender FIRST FINANCIAL BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0251 - Broiler, Fryer, and Roaster Chickens NAICS Code 112320 - Broilers and Meat Type Loan Approval Date 6/26/2001 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $46,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This SBA loan was for $55,000. How would you spend $55,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Banks in Carthage, Mississippi
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