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November 14, 2024  
 
 
  Business Loan Information  
 

Is It Possible to Borrow Money for a Franchise in Ocean Springs, Mississippi?

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Wing Zone Franchise

Need money to purchase a Wing Zone franchise? Hancock Bank has a history of making these loans and they are guaranteed by the SBA.

Wing Zone franchise loans are available to Ocean Springs, Mississippi entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Hancock Bank, based in Gulfport, Mississippi, issued an SBA franchise loan for a Wing Zone franchise in 2004. We've got all the details on this Mississippi small business loan.

SBA Loan Borrower

BILOXI WINGS
OCEAN SPRINGS, MS 39564

SBA Loan Lender

HANCOCK BANK
2510 14TH ST
GULFPORT, MS 39501

This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

722211 - Limited-Service Restaurants

Loan Approval Date

10/4/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wing Zone franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in Ocean Springs MS, you ought to talk with a local Ocean Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ocean Springs businesses.

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:

Wing Zone

Equity Financing

Best Banks in Gulfport, Mississippi

Where to Get an SBA Loan Mississippi