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November 15, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Greenwood, Business Loans > State Bank & Trust Company Greenwood Business Loans > Used Merchandise Stores Loan | ||||
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State Bank & Trust Company
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Business Loan from State Bank & Trust Company Given to Used Merchandise Stores CompanyState Bank & Trust Company 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. This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with State Bank & Trust Company, out of Greenwood, Mississippi. The loan was granted and they received $15,000 to help grow their Ridgeland, Mississippi business. SBA Loan Borrower COMPANY TYPE: USED MERCHANDISE STORES SBA Loan Lender STATE BANK & TRUST COMPANY The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing 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 453310 - Used Merchandise Stores Loan Approval Date 6/16/2006 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $12,750. More Information on This SBA Loan The borrower borrowed this money for a new 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 3 employees. The loan application indicated that the borrowed money would help create 3 new jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA 7A Banks in Greenwood, Mississippi Getting a Business Loan in Mississippi
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