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November 15, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Greenwood, Business Loans > State Bank & Trust Company Greenwood Business Loans > Lawn And Garden Equipment Loan | ||||
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SBA Lender Greenwood
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Greenwood, Mississippi Lender Lends Money to Lawn And Garden Equipment CompanyWant to talk with a Greenwood, Mississippi bank about a small business loan? Here's one Mississippi business loan, issued by a Greenwood bank, that was approved by the SBA. Applying for an SBA loan with State Bank & Trust Company worked out well for our friends at one local firm in Clarksdale, Mississippi. They got an SBA loan for $150,000. Way to go! SBA Loan Borrower COMPANY TYPE: LAWN AND GARDEN EQUIPMENT SBA Loan Lender STATE BANK & TRUST COMPANY This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3524 - Lawn and Garden Equipment Loan Approval Date 9/6/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like State Bank & Trust Company are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA Approved Banks in Greenwood, Mississippi
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