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November 15, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Jackson, Business Loans > Trustmark National Bank Jackson Business Loans > Personal Services Loan | ||||
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Business Loans for Jayess Small Businesses
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Financing for Personal ServicesWith these commercial loans for personal services, the SBA guarantees the lender that the loan will be repaid. This personal services loan for $26,500 was given to a Mississippi entrepreneur in 2006. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jayess, Mississippi was able to borrow $26,500 from Trustmark National Bank. The SBA made the loan possible by guaranteeing $22,525 of this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender TRUSTMARK NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812990 - Personal Services Loan Approval Date 12/21/2006 Loan Approval Gross Amount $26,500 Loan Approval from the SBA Of the total $26,500 loan amount, the SBA guaranteed $22,525. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 23 new jobs and retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Trustmark National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Find an SBA Lender in Jackson, Mississippi
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