SBA Loan from Hancock Bank Helps Fuel Dealers 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 Mobile, Alabama business owner got a $250,000 loan.
This growing company knew how to go about getting a business bank loan. Based in Mobile, Alabama, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Hancock Bank, based in Gulfport, Mississippi.
SBA Loan Borrower
COMPANY TYPE: FUEL DEALERS
MOBILE, AL 36652
SBA Loan Lender
2510 14TH ST
GULFPORT, MS 39501
This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
454319 - Fuel Dealers
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $125,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job.
Next Steps for Getting an SBA Loan
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
This SBA loan was for $250,000. How would you spend $250,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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.
Who Lends Money to Small Businesses in Gulfport, Mississippi
Mississippi SBA 7A Banks