Mississippi Small Business Loan Issued to Residential Remodelers Company
Bank loans in Mississippi are tough to come by these days. We take a look at one Mississippi bank loan, provided by a Florida bank, that was approved by the SBA.
You can learn something about getting a small business loan in Ocean Springs, Mississippi by studying this loan to a local company, made back in 2007. Banks like Business Loan Center, LLC may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: RESIDENTIAL REMODELERS
Ocean Springs, MS 39564
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
415 BECKRICH RD., STE 250
PANAMA CITY BEACH, FL 32407
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
236118 - Residential Remodelers
Loan Approval Date
4/26/2007
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $42,500.
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 loan application indicated that the loan would help generate 3 new jobs and retain 1 existing job.
Start the Process for Getting an SBA Loan Today!
If you need money to start business 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.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Business Loan Center, LLC that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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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Banks in Panama City Beach, Florida
Florida SBA 7A Lenders