Home » FOCUS » Small business loans spark private-company success
Wide-range of businesses start with loan help

Small business loans spark private-company success

The role of small business loans has contributed to the success of many private companies in Mississippi such as Miskelly Furniture, KLLM and McRaes Department Stores.

In FY1998, 420 loans totaling $105 million were made through the Small Business Administration, primarily through the 7(A) Guaranty Program and 504 Certified Development Company Program. In FY1997, 425 loans totaling $73.5 million were made, said Janita Stewart, district director. “We were able to achieve 98.8% of our target of 425 loans, making Mississippi the…

Want to read the rest of this story? Call the Mississippi Business Journal circulation department at (601) 364-1022 to subscribe today.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>