Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Who Can Get a Business Loan in Ocean Springs, Mississippi?

 

 
Loan Census SBA Loan Info

Where to Get Capital for Lawyers

Looking for small business loans for lawyers? An SBA loan may be just what you've been looking for. This $15,000 lawyers loan was issued by a Mississippi bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ocean Springs, Mississippi was able to borrow $15,000 from Bancorpsouth Bank. The SBA made the loan possible by guaranteeing $12,750 of this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: LAWYERS
OCEAN SPRINGS, MS 39584

SBA Loan Lender

BANCORPSOUTH BANK
ONE MISSISSIPPI PLZ
TUPELO, MS 38804

This SBA bank loan 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

541110 - Lawyers

Loan Approval Date

4/18/2006

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $12,750.

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. This SBA loan request indicated that the loan would help create 1 new job.

Getting an SBA Loan For Your Business

If you need business start up money in Ocean Springs MS, you ought to talk with a local Ocean Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ocean Springs businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bancorpsouth Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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