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December 24, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Hattiesburg, Business Loans > Hancock Bank Hattiesburg Business Loans > Eating Places Loan | ||||
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Banks in Hattiesburg, Mississippi That Make SBA Loans
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Hattiesburg, Mississippi Bank Lends Money to Eating Places Company in Purvis, MississippiGet SBA loans from a Hattiesburg, Mississippi bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Hancock Bank is a Hattiesburg, Mississippi small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Mississippi company. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender HANCOCK BANK 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 5812 - Eating Places Loan Approval Date 9/28/2000 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $32,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 10 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA 7A Banks for Hattiesburg, Mississippi Loans
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