Mendenhall, Mississippi Bank Gives SBA Loan to Gift, Novelty, And Souvenir Stores Company

Find Mendenhall, Mississippi banks that specialize in SBA loans and know how to work with entrepreneurs. Peoples Bank is one such bank, as evidenced by this SBA loan to one business.

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

SBA Loan Borrower

COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR STORES
MENDENHALL, MS 39114

SBA Loan Lender

PEOPLES BANK
160 MAUD AVE
MENDENHALL, MS 39114

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

4/17/2006

Loan Approval Gross Amount

$101,900

Loan Approval from the SBA

Of the total $101,900 loan amount, the SBA guaranteed $86,615.

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 4 employees. The SBA loan documents indicated that the borrowed money would help create 4 new jobs.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? 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:

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Who Lends Money to Small Businesses in Mendenhall, Mississippi

Where to Get an SBA Loan Mississippi