Biloxi, MS Entrepreneur Gets SBA Loan to Buy Cookies By Design Franchise

Need a loan to purchase a Cookies By Design franchise? Bancorpsouth Bank has a history of making these loans and they are guaranteed by the SBA.

Cookies By Design franchise loans are available to Biloxi, Mississippi entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bancorpsouth Bank, based in Biloxi, Mississippi, issued an SBA franchise loan for a Cookies By Design franchise in 2004. We've got all the details on this Mississippi small business loan.

SBA Loan Borrower

COOKIES BY DESIGN
BILOXI, MS 39531

SBA Loan Lender

BANCORPSOUTH BANK
760 HOWARD AVE
BILOXI, MS 39530

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/16/2004

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cookies By Design franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $70,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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