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December 18, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Jackson, Business Loans > Trustmark National Bank Jackson Business Loans > Physicians Loan | ||||
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How Do We Get a Business Loan in Corinth, Mississippi?
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Commercial Loans for PhysiciansWith these commercial loans for physicians, the SBA guarantees the lender that the loan will be repaid. This physicians loan for $21,800 was given to a Mississippi entrepreneur in 2001. This business knew how to go about getting a business bank loan. Based in Corinth, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Trustmark National Bank, based in Jackson, Mississippi. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender TRUSTMARK NATIONAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 621111 - Physicians Loan Approval Date 8/1/2001 Loan Approval Gross Amount $21,800 Loan Approval from the SBA Of the total $21,800 loan amount, the SBA guaranteed $10,900. 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 only one employee. This SBA loan request indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $21,800. How would you spend $21,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Participating Banks in Jackson, Mississippi
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