Madison, Mississippi Lender Lends Money to Educational Support Services Company

Get business loans from a Madison, Mississippi bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Merchants & Farmers Bank is a Madison, Mississippi small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Mississippi company.

SBA Loan Borrower

COMPANY TYPE: EDUCATIONAL SUPPORT SERVICES
RIDGELAND, MS 39157

SBA Loan Lender

MERCHANTS & FARMERS BANK
966 HWY 51 SOUTH
MADISON, MS 39110

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611710 - Educational Support Services

Loan Approval Date

7/29/2005

Loan Approval Gross Amount

$347,900

Loan Approval from the SBA

Of the total $347,900 loan amount, the SBA guaranteed $260,925.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We can help you find the best banks for small businesses in Ridgeland or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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