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November 23, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Gulfport, Business Loans > Hancock Bank Gulfport Business Loans > Lawyers Loan | ||||
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We Needed a Small Business Loan in Baton Rouge, Louisiana and We Got One!
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Getting an SBA Loan for LawyersLooking for business loans for lawyers? An SBA loan may be just what you've been looking for. This $90,000 lawyers loan was issued by a Mississippi bank. This business knew how to go about getting a business bank loan. Based in Baton Rouge, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Hancock Bank, based in Gulfport, Mississippi. SBA Loan Borrower COMPANY TYPE: LAWYERS SBA Loan Lender HANCOCK BANK This loan for a small business 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 541110 - Lawyers Loan Approval Date 12/21/2005 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. 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 application for the borrower indicated that the loan would help retain 1 existing job. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Obtaining Funding - How to Borrow Money Small Business Banks in Gulfport, Mississippi
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