Business Loan from First A National Bank Association Given to Car Washes Company

First A National Bank Association and the SBA work together to get business loans for growing small businesses. Here's an example of how a Mississippi entrepreneur was able to get a loan to take a small business to the next level.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Wiggins, Mississippi was able to borrow $150,000 from First A National Bank Association. The SBA made the loan possible by guaranteeing $112,500 of this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
WIGGINS, MS 39577

SBA Loan Lender

FIRST A NATIONAL BANK ASSOCIATION
124 BORDER AVE
WIGGINS, MS 39577

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

10/19/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

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 application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Wiggins MS, you ought to talk with a local Wiggins SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wiggins businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First A National Bank Association had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First A National Bank Association 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:

Alternative Financing

Where to Get an SBA Loan in Wiggins, Mississippi

Getting a Business Loan in Mississippi