Business Loan from Hancock Bank Given to Liquor Stores Company
Hancock Bank has a track record as a leading provider of SBA loans. Find out how this Mississippi entrepreneur received an SBA loan from them.
Getting a small business loan in Biloxi, Mississippi was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Hancock Bank, operating out of Gulfport, Mississippi. Here are the details on this Mississippi small business loan.
SBA Loan Borrower
COMPANY TYPE: LIQUOR STORES
BILOXI, MS 39531
SBA Loan Lender
HANCOCK BANK
2510 14TH ST
GULFPORT, MS 39501
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5921 - Liquor Stores
NAICS Code
445310 - Beer, Wine, and Liquor Stores
Loan Approval Date
11/14/2000
Loan Approval Gross Amount
$64,000
Loan Approval from the SBA
Of the total $64,000 loan amount, the SBA guaranteed $51,200.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Hancock Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Hancock Bank 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:
Bank Credit Lines
SBA 7A Banks for Gulfport, Mississippi Loans
Getting an SBA Loan in Mississippi