Crop Harvesting, Primarily by Machine Commercial Loans

Looking for commercial loans for crop harvesting, primarily by machine? An SBA loan may be just what you've been looking for. This $112,100 crop harvesting, primarily by machine loan was issued by a Mississippi bank.

Getting a small business loan in Vicksburg, Mississippi was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Trustmark National Bank, operating out of Jackson, Mississippi. Here are the details on this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: CROP HARVESTING, PRIMARILY BY MACHINE
VICKSBURG, MS 39183

SBA Loan Lender

TRUSTMARK NATIONAL BANK
248 E CAPITOL ST
JACKSON, MS 39201

This SBA 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.

NAICS Code

115113 - Crop Harvesting, Primarily by Machine

Loan Approval Date

1/9/2007

Loan Approval Gross Amount

$112,100

Loan Approval from the SBA

Of the total $112,100 loan amount, the SBA guaranteed $95,285.

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 only one employee. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 1 existing job.

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

If you are working on finding money to start a business in Vicksburg MS, you ought to talk with a local Vicksburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Vicksburg businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Trustmark National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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