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December 22, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Tupelo, Business Loans > Renasant Bank Tupelo Business Loans > Urethane And Foam Product Manufacturing Loan | ||||
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Tupelo, Mississippi Bank Loan
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Renasant Bank Gives Bank Loan to Urethane And Foam Product Manufacturing CompanyMississippiBank loans are available to Mississippi firms through the SBA. In this case, a Mississippi bank provides the loan. You can learn something about getting a small business loan in Tupelo, Mississippi by studying this loan to a local company, made back in 2001. Banks like Renasant Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: URETHANE AND FOAM PRODUCT MANUFACTURING SBA Loan Lender RENASANT BANK This loan for a small business 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. NAICS Code 326150 - Urethane and Foam Product Manufacturing Loan Approval Date 5/15/2001 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 10 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 Renasant 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: Who Lends Money to Small Businesses in Tupelo, Mississippi
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