Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Columbia, Mississippi Bank Loan

 

 
Loan Census SBA Loan Info

Carpentry Contractors Small Business Loans

Looking for small business loans for carpentry contractors? Talk to a banker who works with the SBA. This $10,200 carpentry contractors loan was issued by a Mississippi bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Trustmark National Bank, out of Jackson, Mississippi. The loan was granted and they received $10,200 to help grow their Columbia, Mississippi business.

SBA Loan Borrower

COMPANY TYPE: CARPENTRY CONTRACTORS
COLUMBIA, MS 39429

SBA Loan Lender

TRUSTMARK NATIONAL BANK
248 E CAPITOL ST
JACKSON, MS 39201

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

235510 - Carpentry Contractors

Loan Approval Date

2/20/2002

Loan Approval Gross Amount

$10,200

Loan Approval from the SBA

Of the total $10,200 loan amount, the SBA guaranteed $5,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Understanding Dilution

Good Banks for Small Business in Jackson, Mississippi

Getting an SBA Loan in Mississippi