General Automotive Repair Commercial Loans

Looking for commercial loans for general automotive repair? Try the SBA. This $5,100 general automotive repair loan was issued by a Mississippi bank.

Getting a small business loan in Jackson, Mississippi was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Trustmark National Bank, operating out of Jackson, Mississippi. Here are the details on this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS
JACKSON, MS 39212

SBA Loan Lender

TRUSTMARK NATIONAL BANK
248 E CAPITOL ST
JACKSON, MS 39201

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.

SIC Code

7538 - General Automotive Repair Shops

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

8/25/2000

Loan Approval Gross Amount

$5,100

Loan Approval from the SBA

Of the total $5,100 loan amount, the SBA guaranteed $2,550.

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 generate 1 new job and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Jackson MS, you ought to talk with a local Jackson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Jackson businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $5,100 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Bank Credit Lines

SBA 7A Banks in Jackson, Mississippi

Getting an SBA Loan in Mississippi