Raising Money for Home and Garden Equipment Repair and Maintenance

Looking for business loans for home and garden equipment repair and maintenance? Talk to a banker who works with the SBA. This $150,000 home and garden equipment repair and maintenance loan was issued by a Mississippi bank.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Merchants & Marine Bank, out of Pascagoula, Mississippi. The loan was granted and they received $150,000 to help grow their Pascagoula, Mississippi business.

SBA Loan Borrower

COMPANY TYPE: REPAIR SHOPS AND RELATED SERVICES
PASCAGOULA, MS 39581

SBA Loan Lender

MERCHANTS & MARINE BANK
3118 PASCAGOULA ST
PASCAGOULA, MS 39567

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7699 - Repair Shops and Related Services

NAICS Code

811411 - Home and Garden Equipment Repair and Maintenance

Loan Approval Date

6/24/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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SBA Approved Banks in Pascagoula, Mississippi

SBA Participating Banks in Mississippi