Louisiana Business Loan Issued to Full-Service Restaurants Company
Would a Louisiana small business loan help your small business to grow and prosper? If so, you may want to talk with this Mississippi bank, which offers SBA loans to Louisiana entrepreneurs.
Getting a small business loan in Slidell, Louisiana was a top priority for this small company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Hancock Bank. Here are the details on this Louisiana small business loan.
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
SLIDELL, LA 70460
SBA Loan Lender
HANCOCK BANK
2510 14TH ST
GULFPORT, MS 39501
This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
10/4/2004
Loan Approval Gross Amount
$105,000
Loan Approval from the SBA
Of the total $105,000 loan amount, the SBA guaranteed $89,250.
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 25 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Remember, you 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.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Hancock Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Business Line of Credit
SBA Participating Banks in Gulfport, Mississippi
SBA Lenders in Mississippi