Loan to Buy Back Yard Burgers Franchise Issued By Hancock Bank

Need 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
GULFPORT, MS 39507

SBA Loan Lender

HANCOCK BANK
2510 14TH ST
GULFPORT, MS 39501

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:

Back Yard Burgers, Inc.

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Good Banks for Small Business in Gulfport, Mississippi

Getting an SBA Loan in Mississippi