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November 14, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > New Orleans, Business Loans > Dryades Savings Bank, F.S.B. New Orleans Business Loans > Home Centers Loan | ||||
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Dryades Savings Bank, F.S.B. Mccomb, Mississippi
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Mccomb, Mississippi Business Gets SBA-Guaranteed Funding from Dryades Savings Bank, F.S.B.Dryades Savings Bank, F.S.B. is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Mississippi entrepreneur who tapped into the power of SBA loans. This business knew how to go about getting a business bank loan. Based in Mccomb, Mississippi, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Dryades Savings Bank, F.S.B., based in New Orleans, Louisiana. SBA Loan Borrower COMPANY TYPE: HOME CENTERS SBA Loan Lender DRYADES SAVINGS BANK, F.S.B. This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444110 - Home Centers Loan Approval Date 9/30/2003 Loan Approval Gross Amount $1,325,000 Loan Approval from the SBA Of the total $1,325,000 loan amount, the SBA guaranteed $993,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Small Business Banks in New Orleans, Louisiana
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