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November 24, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Gulfport, Business Loans > Hancock Bank Gulfport Business Loans > Coastal Restoration And Cleani Loan | ||||
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Business Loans for Diamondhead Entrepreneurs
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Hancock Bank Provides SBA Loan to Buy Servpro FranchiseNeed money to invest in a Servpro franchise? Hancock Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Diamondhead, Mississippi needed money to invest in a Servpro franchise back in 2005. Hancock Bank issued an SBA franchise loan. Here are the details on this Mississippi small business loan. SBA Loan Borrower COASTAL RESTORATION AND CLEANI SBA Loan Lender HANCOCK BANK This SBA business 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 561740 - Carpet and Upholstery Cleaning Services Loan Approval Date 3/21/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had 27 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 27 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Hancock Bank and they will explain how you can get an SBA loan for your company. 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: Microlending as a Small Business Funding Source Banks in Gulfport, Mississippi Getting an SBA Loan in Mississippi
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