Get an SBA Loan for Warehousing and Storage

With these small business loans for warehousing and storage, the SBA guarantees the lender that the loan will be repaid. This warehousing and storage loan for $51,700 was given to a Texas entrepreneur in 2007.

Getting a small business loan in Richmond, Texas was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Trustmark National Bank, operating out of Jackson, Mississippi. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: WAREHOUSING AND STORAGE
RICHMOND, TX 77469

SBA Loan Lender

TRUSTMARK NATIONAL BANK
248 E CAPITOL ST
JACKSON, MS 39201

This loan for a small business 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

493190 - Warehousing and Storage

Loan Approval Date

10/31/2007

Loan Approval Gross Amount

$51,700

Loan Approval from the SBA

Of the total $51,700 loan amount, the SBA guaranteed $43,945.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. 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.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Trustmark National Bank and they will explain how you can get an SBA loan for your company.

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:

Role of Business Plan When Raising Money

SBA Participating Banks in Jackson, Mississippi

Mississippi SBA 7A Banks