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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 > Masonry And Stone Contractors Loan | ||||
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Mississippi Small Business SBA Loans
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Growing Company Gets a Mississippi Small Business LoanWant a Mississippi bank loan? This Mississippi entrepreneur got a bank loan, provided by a Mississippi bank that works with the SBA to help small business owners. This small business, based in Hazlehurst, Mississippi, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Trustmark National Bank. We've got the inside scoop on this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: MASONRY AND STONE CONTRACTORS 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 235410 - Masonry and Stone Contractors Loan Approval Date 7/18/2002 Loan Approval Gross Amount $10,300 Loan Approval from the SBA Of the total $10,300 loan amount, the SBA guaranteed $5,150. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours 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: SBA Participating Banks in Jackson, Mississippi Getting a Business Loan in Mississippi
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