Physicians Commercial Loans

Looking for commercial loans for physicians? An SBA loan may be just what you've been looking for. This $173,150 physicians loan was issued by a Mississippi bank.

This business knew how to go about getting a business bank loan. Based in Hattiesburg, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was State Bank & Trust Company, based in Greenwood, Mississippi.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
HATTIESBURG, MS 39402

SBA Loan Lender

STATE BANK & TRUST COMPANY
916 HWY 82 BY-PASS
GREENWOOD, MS 38930

This lender issued this SBA loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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.

NAICS Code

621111 - Physicians

Loan Approval Date

9/11/2007

Loan Approval Gross Amount

$173,150

Loan Approval from the SBA

Of the total $173,150 loan amount, the SBA guaranteed $129,862.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the funding would help generate 2 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

While you may be able to borrow money from friends and family, 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.

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Best Greenwood, Mississippi Banks for Small Business

Mississippi SBA Banks