Entrepreneur Works With Gulfport, Mississippi Bank to Get an SBA Loan

Thinking about meeting with a Gulfport, Mississippi bank about a business loan? Here's one Mississippi business loan, issued by a Gulfport bank, that was approved by the SBA.

Applying for an SBA loan with Hancock Bank worked out well for our friends at one local business in Gulfport, Mississippi. They got an SBA loan for $150,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: SEWERAGE SYSTEMS
GULFPORT, MS 39501

SBA Loan Lender

HANCOCK BANK
2510 14TH ST
GULFPORT, MS 39501

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4952 - Sewerage Systems

NAICS Code

451211 - Book Stores

Loan Approval Date

3/21/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels 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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Financing Your Business

Small Bank Loans in Gulfport, Mississippi

SBA Participating Banks in Mississippi