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November 22, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Biloxi, Business Loans > Community Bank, Coast Biloxi Business Loans > Meineke Hattiesburg Loan | ||||
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Raising Money in Laurel, Mississippi With SBA Loans
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Laurel, MS Entrepreneur Gets SBA Loan to Buy Meineke Discount Muffler FranchiseNeed a loan to invest in a Meineke Discount Muffler franchise? Community Bank, Coast has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Meineke Discount Muffler franchise requires some effort but others before you have been successful. In 2004, Community Bank, Coast issued an SBA franchise loan to an entrepreneur in Laurel, Mississippi. Because Meineke Discount Muffler was registered with the SBA's registry of franchises, this Mississippi small business loan was issued on an expedited basis. SBA Loan Borrower MEINEKE HATTIESBURG SBA Loan Lender COMMUNITY BANK, COAST This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 811112 - Automotive Exhaust System Repair Loan Approval Date 3/22/2004 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $60,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Meineke Discount Muffler franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community Bank, Coast and they will explain how you can get an SBA loan for your company. 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 Participating Banks in Biloxi, Mississippi
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