Canton, Mississippi Lender Lends Money to Nursing And Personal Care Facilities, N.E.C Company

Thinking about meeting with a Canton, Mississippi bank about a business loan? Here's one Mississippi business loan, issued by a Canton bank, that was approved by the SBA.

Applying for an SBA loan with Bankplus worked out well for our friends at one local business in Madison, Mississippi. They received an SBA loan for $150,000. Great job!

SBA Loan Borrower

COMPANY TYPE: NURSING AND PERSONAL CARE FACILITIES, N.E.C
MADISON, MS 39100

SBA Loan Lender

BANKPLUS
3366 N LIBERTY ST
CANTON, MS 39046

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8059 - Nursing and Personal Care Facilities, N.E.C

NAICS Code

623110 - Nursing Care Facilities

Loan Approval Date

9/4/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 12 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Madison MS, you ought to talk with a local Madison SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Madison businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, where there is a will, there is a way!

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:

Strategic Investors

SBA Banks in Canton, Mississippi

Getting a Business Loan in Mississippi