Gulfport, Mississippi Lender Lends Money to Building Inspection Services Company

Get to know Gulfport, Mississippi banks that specialize in business 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 Grand Bay, Alabama starts with an understanding of who else has gotten loans in the area. In this case, a small company 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: BUILDING INSPECTION SERVICES
GRAND BAY, AL 36541

SBA Loan Lender

HANCOCK BANK
2510 14TH ST
GULFPORT, MS 39501

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

541350 - Building Inspection Services

Loan Approval Date

2/17/2006

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 17 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 17 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Grand Bay or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

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SBA Banks in Gulfport, Mississippi

Getting an SBA Loan in Mississippi