Getting an SBA Loan for Flat Glass Manufacturing

With these business loans for flat glass manufacturing, the SBA guarantees the lender that the loan will be repaid. This flat glass manufacturing loan for $150,000 was given to a Mississippi entrepreneur in 2000.

Getting a small business loan in Coldwater, Mississippi was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Sycamore Bank, operating out of Senatobia, Mississippi. Here are the details on this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: FLAT GLASS
COLDWATER, MS 38618

SBA Loan Lender

SYCAMORE BANK
301 E MAIN ST
SENATOBIA, MS 38668

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3211 - Flat Glass

NAICS Code

327211 - Flat Glass Manufacturing

Loan Approval Date

9/29/2000

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 an existing business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Sycamore Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

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