Gulfport, Mississippi Lender Lends Money to Boat Dealers Company
Get to know Gulfport, Mississippi banks that specialize in SBA loans and know how to work with entrepreneurs. Hancock Bank is one such bank, as evidenced by this SBA loan to a growing company.
Finding a small business loan in Bay Saint Louis, Mississippi starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Hancock Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: BOAT DEALERS
BAY SAINT LOUIS, MS 39520
SBA Loan Lender
HANCOCK BANK
2510 14TH ST
GULFPORT, MS 39501
This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
441222 - Boat Dealers
Loan Approval Date
9/11/2007
Loan Approval Gross Amount
$179,000
Loan Approval from the SBA
Of the total $179,000 loan amount, the SBA guaranteed $89,500.
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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
The Friends and Family Network
Best Gulfport, Mississippi Banks for Small Business
Mississippi SBA 7A Banks