SBA Loan from Hancock Bank Helps Full-Service Restaurants Company

An SBA loan from Hancock Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Gulfport, Mississippi business owner got a $50,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gulfport, Mississippi was able to borrow $50,000 from Hancock Bank. The SBA made the loan possible by guaranteeing $25,000 of this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
GULFPORT, MS 39501

SBA Loan Lender

HANCOCK BANK
2510 14TH ST
GULFPORT, MS 39501

This commercial 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

722110 - Full-Service Restaurants

Loan Approval Date

9/4/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Gulfport MS, you ought to talk with a local Gulfport SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gulfport businesses.

We can help you find the best banks for small businesses in Gulfport 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:

Obtaining Funding - Getting Venture Capital

Small Business Banks in Gulfport, Mississippi

Getting a Business Loan in Mississippi