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November 14, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Gulfport, Business Loans > Hancock Bank Gulfport Business Loans > Back Yard Burgers Loan | ||||
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Small Business Banks for Gulfport, Mississippi Business Owners
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Loan to Buy Back Yard Burgers Franchise Issued By Hancock BankNeed a loan to buy a Back Yard Burgers franchise? Hancock Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Gulfport, Mississippi needed money to invest in a Back Yard Burgers franchise back in 2004. Hancock Bank issued an SBA franchise loan. Here are the details on this Mississippi small business loan. SBA Loan Borrower BACK YARD BURGERS SBA Loan Lender HANCOCK BANK This bank loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/18/2004 Loan Approval Gross Amount $218,100 Loan Approval from the SBA Of the total $218,100 loan amount, the SBA guaranteed $163,575. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Back Yard Burgers franchise. At the time of the loan, the company had 35 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. While you may be able to find business people willing to loan money, 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: Good Banks for Small Business in Gulfport, Mississippi Getting an SBA Loan in Mississippi
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