SBA Loan from Hancock Bank Helps Roofing, Siding, And Insulation Material Merchant Wholesalers Company

An SBA loan from Hancock Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Gulfport, Mississippi business owner got a $115,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Hancock Bank, out of Gulfport, Mississippi. The loan was granted and they received $115,000 to help grow their Gulfport, Mississippi business.

SBA Loan Borrower

COMPANY TYPE: ROOFING, SIDING, AND INSULATION MATERIAL MERCHANT WHOLESALERS
GULFPORT, MS 39507

SBA Loan Lender

HANCOCK BANK
2510 14TH ST
GULFPORT, MS 39501

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423330 - Roofing, Siding, and Insulation Material Merchant Wholesalers

Loan Approval Date

2/9/2006

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help retain 10 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $115,000 loan. Remember, fight for what you want, and it will be yours!

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:

Role of Business Plan When Raising Money

Small Business Banks in Gulfport, Mississippi

Mississippi SBA 7A Lenders