Charleston, Mississippi Business Gets SBA-Guaranteed Funding from Ecd Investments Bidco Corp

An SBA loan from Ecd Investments Bidco Corp typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Charleston, Mississippi business owner got a $382,000 loan.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Ecd Investments Bidco Corp, out of Monroe, Louisiana. The loan was granted and they received $382,000 to help grow their Charleston, Mississippi business.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
CHARLESTON, MS 38921

SBA Loan Lender

ECD INVESTMENTS BIDCO CORP
909 NORTH 18TH ST, STE 223
MONROE, LA 71201

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

6/30/2006

Loan Approval Gross Amount

$382,000

Loan Approval from the SBA

Of the total $382,000 loan amount, the SBA guaranteed $286,500.

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 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $382,000 loan. Remember, things become real when you believe you can achieve them!

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:

Dealing With Venture Capitalists

Best Banks for Small Business in Monroe, Louisiana

SBA Lenders in Louisiana