Magee, Mississippi Lender Lends Money to Chicken Egg Production Company

A Magee, Mississippi small business loan can be yours. Learn how a business got a $697,939 business loan from this Mississippi bank.

This loan to an entrepreneur is a good example of an SBA loan. Peoples Bank made the loan and the SBA guaranteed a portion of the loan. Many other Mississippi entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: CHICKEN EGG PRODUCTION
MORTON, MS 39117

SBA Loan Lender

PEOPLES BANK
611 5TH AVE
MAGEE, MS 39111

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112310 - Chicken Egg Production

Loan Approval Date

5/18/2007

Loan Approval Gross Amount

$697,939

Loan Approval from the SBA

Of the total $697,939 loan amount, the SBA guaranteed $523,454.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Business Line of Credit

SBA 7A Banks for Magee, Mississippi Loans

Getting a Business Loan in Mississippi