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December 18, 2024  
 
 
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Business Loans for Jackson Business Owners

 

 
Loan Census SBA Loan Info

Sign Manufacturing Small Business Loans

Looking for small business loans for sign manufacturing? Talk to a banker who works with the SBA. This $100,600 sign manufacturing loan was issued by a Mississippi bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jackson, Mississippi was able to borrow $100,600 from Trustmark National Bank. The SBA made the loan possible by guaranteeing $50,300 of this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: SIGN MANUFACTURING
JACKSON, MS 39203

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.

NAICS Code

339950 - Sign Manufacturing

Loan Approval Date

11/14/2002

Loan Approval Gross Amount

$100,600

Loan Approval from the SBA

Of the total $100,600 loan amount, the SBA guaranteed $50,300.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Trustmark National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

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SBA Banks in Jackson, Mississippi

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