Ellisville, Mississippi Lender Lends Money to Poultry Processing Company

Get to know Ellisville, Mississippi banks that specialize in SBA loans and know how to work with entrepreneurs. Community Bank, Ellisville is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Laurel, Mississippi starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Community Bank, Ellisville. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: POULTRY PROCESSING
LAUREL, MS 39443

SBA Loan Lender

COMMUNITY BANK, ELLISVILLE
300 W JESSAMINE ST
ELLISVILLE, MS 39437

This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311615 - Poultry Processing

Loan Approval Date

5/22/2007

Loan Approval Gross Amount

$1,308,439

Loan Approval from the SBA

Of the total $1,308,439 loan amount, the SBA guaranteed $981,329.

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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Laurel or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

SBIR Funding

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Mississippi SBA 7A Banks