Magee, Mississippi Bank Lends Money to Broiler, Fryer, And Roaster Chickens Company in Silver Creek, Mississippi

Want to talk with a Magee, Mississippi bank about a small business loan? Here's one Mississippi business loan, issued by a Magee bank, that was approved by the SBA.

Applying for an SBA loan with Peoples Bank worked out well for our friends at one local business in Silver Creek, Mississippi. They got an SBA loan for $165,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: BROILER, FRYER, AND ROASTER CHICKENS
SILVER CREEK, MS 39663

SBA Loan Lender

PEOPLES BANK
611 5TH AVE
MAGEE, MS 39111

This SBA small business loan 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.

SIC Code

0251 - Broiler, Fryer, and Roaster Chickens

NAICS Code

112320 - Broilers and Meat Type

Loan Approval Date

11/28/2001

Loan Approval Gross Amount

$165,000

Loan Approval from the SBA

Of the total $165,000 loan amount, the SBA guaranteed $123,750.

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 only one employee. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Silver Creek MS, you ought to talk with a local Silver Creek SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Silver Creek businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $165,000 loan. Remember, where there is a will, there is a way!

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:

Financing Your Business

SBA 7A Lenders in Magee, Mississippi

Getting a Business Loan in Mississippi