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November 21, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Forest, Business Loans > Community Bank Of Mississippi Forest Business Loans > General Line Grocery Merchant Wholesalers Loan | ||||
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SBA Loan from Community Bank Of Mississippi
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SBA Loan from Community Bank Of Mississippi Helps General Line Grocery Merchant Wholesalers CompanyCommunity Bank Of Mississippi is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Mississippi entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Raleigh, Mississippi was an essential business goal for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Community Bank Of Mississippi, operating out of Forest, Mississippi. Here are the details on this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL LINE GROCERY MERCHANT WHOLESALERS SBA Loan Lender COMMUNITY BANK OF MISSISSIPPI The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424410 - General Line Grocery Merchant Wholesalers Loan Approval Date 7/17/2007 Loan Approval Gross Amount $93,600 Loan Approval from the SBA Of the total $93,600 loan amount, the SBA guaranteed $79,560. 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 6 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are raising money in Raleigh MS, you ought to talk with a local Raleigh SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Raleigh businesses. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Advice on Getting a Small Business Loan Small Bank Loans in Forest, Mississippi Getting an SBA Loan in Mississippi
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