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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 > Paint And Wallpaper Stores Loan | ||||
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SBA Lender Tupelo
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Tupelo, Mississippi Bank Gives SBA Loan to Paint And Wallpaper Stores CompanyThinking about meeting with a Tupelo, Mississippi bank about a small business loan? Here's one Texas business loan, issued by a Tupelo bank, that was approved by the SBA. Applying for an SBA loan with Bancorpsouth Bank worked out well for our friends at one local company in Texarkana, Texas. They received an SBA loan for $392,000. Great job! SBA Loan Borrower COMPANY TYPE: PAINT AND WALLPAPER STORES SBA Loan Lender BANCORPSOUTH BANK This SBA bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending history and a deep knowledge SBA loan requirements. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444120 - Paint and Wallpaper Stores Loan Approval Date 9/22/2004 Loan Approval Gross Amount $392,000 Loan Approval from the SBA Of the total $392,000 loan amount, the SBA guaranteed $294,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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:
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