Local Business Gets a Mississippi SBA Loan

MississippiBusiness loans are available to Mississippi business owners through the SBA. In this case, a Mississippi bank provides the loan.

Getting a small business loan in Laurel, Mississippi was a top priority for this SBA-financed company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First A National Bank Association. Here are the details on this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
LAUREL, MS 39441

SBA Loan Lender

FIRST A NATIONAL BANK ASSOCIATION
1945 HWY 15 NORTH
LAUREL, MS 39440

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/28/2004

Loan Approval Gross Amount

$82,300

Loan Approval from the SBA

Of the total $82,300 loan amount, the SBA guaranteed $69,955.

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 10 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First A National Bank Association 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:

Equity Financing

Small Bank Loans in Laurel, Mississippi

SBA Mississippi Banks