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November 15, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Birmingham, Business Loans > Regions Bank Birmingham Business Loans > Private Mail Centers Loan | ||||
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Advice for Small Business Owners On Getting a Loan
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Private Mail Centers Business LoansLooking for business loans for private mail centers? Try the SBA. This $120,000 private mail centers loan was issued by an Alabama bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Horn Lake, Mississippi was able to borrow $120,000 from Regions Bank. The SBA made the loan possible by guaranteeing $60,000 of this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: PRIVATE MAIL CENTERS SBA Loan Lender REGIONS 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 561431 - Private Mail Centers Loan Approval Date 9/22/2006 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $60,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 application for the borrower indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Birmingham, Alabama Banks for Small Business
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