Mississippi Bank Loan Issued to Broiler, Fryer, And Roaster Chickens Company

Small business loans in Mississippi are tough to come by these days. We take a look at one Mississippi small business loan, provided by a Mississippi bank, that was approved by the SBA.

This small business, based in Mendenhall, Mississippi, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Peoples Bank. We've got the inside scoop on this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS
MENDENHALL, MS 39114

SBA Loan Lender

PEOPLES BANK
611 5TH AVE
MAGEE, MS 39111

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0251 - Broiler, Fryer, and Roaster Chickens

NAICS Code

112320 - Broilers and Meat Type

Loan Approval Date

6/23/2006

Loan Approval Gross Amount

$415,300

Loan Approval from the SBA

Of the total $415,300 loan amount, the SBA guaranteed $311,475.

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 SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

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

If you need business start up money in Mendenhall MS, you ought to talk with a local Mendenhall SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mendenhall 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 $415,300 loan. Remember, fight for what you want, and it will be yours!

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.

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