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December 18, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Jackson, Business Loans > Trustmark National Bank Jackson Business Loans > Lessors Of Nonfinancial Intangible Assets Loan | ||||
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Getting an SBA 7A Loan in Madison, Mississippi
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Trustmark National Bank Gives Business Loan to Lessors Of Nonfinancial Intangible Assets CompanyMississippiBusiness loans are available to Mississippi business owners through the SBA. In this case, a Mississippi bank provides the loan. By giving the right information to Trustmark National Bank, this Madison, Mississippi business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: LESSORS OF NONFINANCIAL INTANGIBLE ASSETS SBA Loan Lender TRUSTMARK NATIONAL BANK This lender issued this SBA 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 533110 - Lessors of Nonfinancial Intangible Assets Loan Approval Date 5/13/2004 Loan Approval Gross Amount $335,840 Loan Approval from the SBA Of the total $335,840 loan amount, the SBA guaranteed $251,880. 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 11 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Madison 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: Accountant's Role in Securing Financing SBA 7A Lenders in Jackson, Mississippi
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