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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Tupelo, Business Loans > Bancorpsouth Bank Tupelo Business Loans > Dentists Loan | ||||
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Tupelo, Mississippi Bank for SBA Loans
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Tupelo, Mississippi Lender Lends Money to Dentists CompanyA Tupelo, Mississippi SBA loan can be yours. Learn how a business got a $221,500 business loan from this Mississippi bank. This loan to a local firm is a good example of an SBA loan. Bancorpsouth Bank made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: DENTISTS SBA Loan Lender BANCORPSOUTH BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 621210 - Dentists Loan Approval Date 10/13/2006 Loan Approval Gross Amount $221,500 Loan Approval from the SBA Of the total $221,500 loan amount, the SBA guaranteed $110,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Small Business Banks in Tupelo, Mississippi
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