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December 24, 2024  
 
 
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Trustmark National Bank Small Business Loans Ridgeland

 

 
Loan Census SBA Loan Info

Trustmark National Bank SBA Loan to Motion Picture And Video Production Company

An SBA loan from Trustmark National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Ridgeland, Mississippi business owner got a $125,700 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ridgeland, Mississippi was able to borrow $125,700 from Trustmark National Bank. The SBA made the loan possible by guaranteeing $62,850 of this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTION PICTURE AND VIDEO PRODUCTION
RIDGELAND, MS 39157

SBA Loan Lender

TRUSTMARK NATIONAL BANK
248 E CAPITOL ST
JACKSON, MS 39201

This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

512110 - Motion Picture and Video Production

Loan Approval Date

10/24/2003

Loan Approval Gross Amount

$125,700

Loan Approval from the SBA

Of the total $125,700 loan amount, the SBA guaranteed $62,850.

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 6 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Ridgeland MS, you ought to talk with a local Ridgeland SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ridgeland businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Trustmark National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

How Equity Dilution Works

SBA Participating Banks in Jackson, Mississippi

Mississippi SBA Bank Lenders