Hancock Bank Gives Business Loan to Health And Allied Services Company
MississippiSmall business loans are available to Mississippi small business owners through the SBA. In this case, a Mississippi bank provides the loan.
Getting a small business loan in Ocean Springs, Mississippi was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Hancock Bank. Here are the details on this Mississippi small business loan.
SBA Loan Borrower
COMPANY TYPE: HEALTH AND ALLIED SERVICES
OCEAN SPRINGS, MS 39564
SBA Loan Lender
HANCOCK BANK
2510 14TH ST
GULFPORT, MS 39501
At the time this loan was granted, the lender was part of the SBA's Certified Lenders Program (CLP). This program was created to provide speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8099 - Health and Allied Services
Loan Approval Date
9/12/2000
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $187,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 5 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Hancock Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Attracting Investors
SBA Participating Banks in Gulfport, Mississippi
SBA Mississippi Lenders