Union Church, Mississippi Entrepreneur Gets a Bank Loan

Bank loans in Mississippi are hard to find these days. We take a look at one Mississippi bank loan, provided by a Mississippi bank, that was approved by the SBA.

Getting a small business loan in Union Church, Mississippi was a top priority for this loan applicant back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Community Bank, Ellisville. Here are the details on this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
UNION CHURCH, MS 39668

SBA Loan Lender

COMMUNITY BANK, ELLISVILLE
300 W JESSAMINE ST
ELLISVILLE, MS 39437

This SBA 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

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/10/2003

Loan Approval Gross Amount

$48,600

Loan Approval from the SBA

Of the total $48,600 loan amount, the SBA guaranteed $41,310.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community Bank, Ellisville and they will explain how you can get an SBA loan for your company.

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:

A Company That Helps Entrepreneurs

SBA Participating Banks in Ellisville, Mississippi

SBA Lenders in Mississippi