Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Jackson, Mississippi SBA Banks

 

 
Loan Census SBA Loan Info

Jackson, Mississippi Bank Lends Money to Dentists Company in Clinton, Mississippi

A Jackson, Mississippi business loan can be yours. Learn how one firm got a $50,100 business loan from this Mississippi bank.

This loan to an entrepreneur is a good example of an SBA loan. Trustmark National Bank made the loan and the SBA guaranteed a portion of the loan. Many other Mississippi entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
CLINTON, MS 39056

SBA Loan Lender

TRUSTMARK NATIONAL BANK
248 E CAPITOL ST
JACKSON, MS 39201

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

621210 - Dentists

Loan Approval Date

10/17/2001

Loan Approval Gross Amount

$50,100

Loan Approval from the SBA

Of the total $50,100 loan amount, the SBA guaranteed $25,050.

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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

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 important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Trustmark National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Trustmark National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Equity Financing

Who Lends Money to Small Businesses in Jackson, Mississippi

Mississippi SBA Banks