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December 21, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Brookhaven, Business Loans > State Bank & Trust Company Brookhaven Business Loans > Prefabricated Metal Buildings And Components Loan | ||||
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State Bank & Trust Company SBA Loans
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SBA Loans for Prefabricated Metal Building and Component ManufacturingLooking for SBA loans for prefabricated metal building and component manufacturing? The SBA may be the answer. This $20,000 prefabricated metal building and component manufacturing loan was issued by a Mississippi bank. This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with State Bank & Trust Company, out of Brookhaven, Mississippi. The loan was granted and they received $20,000 to help grow their Vicksburg, Mississippi business. SBA Loan Borrower COMPANY TYPE: PREFABRICATED METAL BUILDINGS AND COMPONENTS SBA Loan Lender STATE BANK & TRUST COMPANY This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3448 - Prefabricated Metal Buildings and Components NAICS Code 332311 - Prefabricated Metal Building and Component Manufacturing Loan Approval Date 8/24/2000 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $16,000. 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 2 employees. This SBA loan request did not indicate that the small business promised 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 provide smart, affordable business financing for small businesses looking to expand. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. State Bank & Trust Company had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, State Bank & Trust Company made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Determining Proper Capital Structure for a Business Where to Get an SBA Loan in Brookhaven, Mississippi
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