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May 2, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Gulfport, Business Loans > Hancock Bank Gulfport Business Loans > Supermarkets And Grocery Stores Loan | ||||
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SBA Lender Baton Rouge Louisiana
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Get an SBA Loan for Supermarkets and Grocery StoresLooking for bank loans for supermarkets and grocery stores? The SBA may be the answer. This $376,000 supermarkets and grocery stores loan was issued by a Mississippi bank. This company knew how to go about getting a business bank loan. Based in Baton Rouge, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Hancock Bank, based in Gulfport, Mississippi. SBA Loan Borrower COMPANY TYPE: SUPERMARKETS AND GROCERY STORES SBA Loan Lender HANCOCK BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445110 - Supermarkets and Grocery Stores Loan Approval Date 12/13/2007 Loan Approval Gross Amount $376,000 Loan Approval from the SBA Of the total $376,000 loan amount, the SBA guaranteed $282,000. 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 only one employee. The SBA loan documents indicated that the loan would help generate 13 new jobs and retain 13 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. If you need emergency money for small businesses, 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: Best Banks for Small Business in Gulfport, Mississippi
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