Baton Rouge, LA Entrepreneur Gets SBA Loan to Buy Taco Del Mar Franchise

Need money to invest in a Taco Del Mar franchise? Hancock Bank has a history of making these loans and they are guaranteed by the SBA.

Taco Del Mar franchise loans are available to Baton Rouge, Louisiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Hancock Bank, based in Gulfport, Mississippi, issued an SBA franchise loan for a Taco Del Mar franchise in 2007. We've got all the details on this Louisiana small business loan.

SBA Loan Borrower

TDM RESTAURANTS, LLC
BATON ROUGE, LA 70808

SBA Loan Lender

HANCOCK BANK
2510 14TH ST
GULFPORT, MS 39501

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/10/2007

Loan Approval Gross Amount

$142,300

Loan Approval from the SBA

Of the total $142,300 loan amount, the SBA guaranteed $120,955.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Taco Del Mar franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Hancock Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Taco Del Mar

504 Loans

SBA Approved Banks in Gulfport, Mississippi

SBA Mississippi Lenders