Financing for Timber Tract Operations

With these loans for timber tract operations, the SBA guarantees the lender that the loan will be repaid. This timber tract operations loan for $833,333 was given to a Mississippi entrepreneur in 2000.

This company knew how to go about getting a business bank loan. Based in Sandy Hook, Mississippi, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was First Southern Bank, based in Columbia, Mississippi.

SBA Loan Borrower

COMPANY TYPE: TIMBER TRACT OPERATIONS
SANDY HOOK, MS 39478

SBA Loan Lender

FIRST SOUTHERN BANK
1075 HWY 98
COLUMBIA, MS 39429

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

113110 - Timber Tract Operations

Loan Approval Date

10/26/2000

Loan Approval Gross Amount

$833,333

Loan Approval from the SBA

Of the total $833,333 loan amount, the SBA guaranteed $750,000.

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 74 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Southern Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

504 Loans

SBA Participating Banks in Columbia, Mississippi

Getting an SBA Loan in Mississippi