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December 21, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Panama City Beach, Business Loans > Business Loan Center, LLC Panama City Beach Business Loans > Natural Gas Distribution Loan | ||||
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I Need an SBA Loan in Monticello, Mississippi
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Where to Get Capital for Natural Gas DistributionWith these small business loans for natural gas distribution, the SBA guarantees the lender that the loan will be repaid. This natural gas distribution loan for $23,000 was given to a Mississippi entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Monticello, Mississippi was able to borrow $23,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $19,550 of this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: NATURAL GAS DISTRIBUTION SBA Loan Lender BUSINESS LOAN CENTER, LLC The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 221210 - Natural Gas Distribution Loan Approval Date 10/3/2005 Loan Approval Gross Amount $23,000 Loan Approval from the SBA Of the total $23,000 loan amount, the SBA guaranteed $19,550. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great way to raise money SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Business Loan Center, LLC and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA Approved Banks in Panama City Beach, Florida
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