Hancock Bank SBA Loan to Food Service Contractors Company

Hancock Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Louisiana entrepreneur who tapped into the power of SBA loans.

This small firm knew how to go about getting a business bank loan. Based in Saint Francisville, Louisiana, they applied for and received an SBA-guaranteed loan in 2008. The lending bank was Hancock Bank, based in Gulfport, Mississippi.

SBA Loan Borrower

COMPANY TYPE: FOOD SERVICE CONTRACTORS
SAINT FRANCISVILLE, LA 70775

SBA Loan Lender

HANCOCK BANK
2510 14TH ST
GULFPORT, MS 39501

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722310 - Food Service Contractors

Loan Approval Date

1/14/2008

Loan Approval Gross Amount

$40,800

Loan Approval from the SBA

Of the total $40,800 loan amount, the SBA guaranteed $34,680.

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 22 employees. This SBA loan request indicated that the loan would help retain 22 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

SBIR Funding

Best Gulfport, Mississippi Banks for Small Business

Mississippi SBA Bank Lenders