Borrow Money to Buy a Servpro Franchise
Borrowing money to purchase a Servpro franchise? Hancock Bank has a history of making these loans and they are guaranteed by the SBA.
Servpro 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 Servpro franchise in 2003. We've got all the details on this Mississippi small business loan.
SBA Loan Borrower
SERV PRO OF BILOXI / OCEAN SPR
OCEAN SPRINGS, MS 39540
SBA Loan Lender
HANCOCK BANK
2510 14TH ST
GULFPORT, MS 39501
This lender processed this SBA 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
561740 - Carpet and Upholstery Cleaning Services
Loan Approval Date
9/11/2003
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. This loan was used to buy a Servpro franchise. At the time of the loan, the company
had 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs.
Getting an SBA Loan For Your Business
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
ServPro
Financing Your Business
Best Banks for Small Business in Gulfport, Mississippi
Getting a Business Loan in Mississippi