 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Houston, Business Loans > Small Business Loan Source LLC Houston Business Loans > Shellfish Fishing Loan | ||||
 |
||||
Best Banks That Lend to Mississippi Small Businesses
|
||||
 |
Mississippi Business Loan Issued to Shellfish Fishing CompanyWant a Mississippi SBA loan? This Mississippi entrepreneur got an SBA loan, provided by a Texas bank that works with the SBA to help small business owners. This company, based in Waveland, Mississippi, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Small Business Loan Source LLC. We've got the inside scoop on this Mississippi small business loan. SBA Loan Borrower COMPANY TYPE: SHELLFISH FISHING SBA Loan Lender SMALL BUSINESS LOAN SOURCE LLC This lender issued this SBA business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 114112 - Shellfish Fishing Loan Approval Date 1/29/2001 Loan Approval Gross Amount $800,000 Loan Approval from the SBA Of the total $800,000 loan amount, the SBA guaranteed $600,000. 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 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Small Business Loan Source LLC are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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 Houston, Texas
|
|
||
|
||||
|
|
||||