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November 15, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Jackson, Business Loans > First Commercial Bank Jackson Business Loans > Beauty Shops Loan | ||||
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Mississippi Small Business Loans from First Commercial Bank
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First Commercial Bank SBA Loan to Beauty Shops CompanyAn SBA loan from First Commercial Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Jackson, Mississippi business owner got a $380,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jackson, Mississippi was able to borrow $380,000 from First Commercial Bank. The SBA made the loan possible by guaranteeing $285,000 of this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender FIRST COMMERCIAL BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7231 - Beauty Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 1/2/2004 Loan Approval Gross Amount $380,000 Loan Approval from the SBA Of the total $380,000 loan amount, the SBA guaranteed $285,000. 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 43 employees. The SBA loan documents did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $380,000 loan. Remember, if it to be, it is up to me! 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 7A Banks in Jackson, Mississippi
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