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May 2, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > New Orleans, Business Loans > Liberty Bank & Trust Company New Orleans Business Loans > Eating Places Loan | ||||
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Louisiana Bank SBA Loans
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Liberty Bank & Trust Company SBA Loan to Eating Places CompanySearching for a Louisiana SBA loan? Here's one Louisiana business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Baton Rouge, Louisiana was able to borrow $206,400 from Liberty Bank & Trust Company. The SBA made the loan possible by guaranteeing $154,800 of this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender LIBERTY BANK & TRUST COMPANY This SBA bank 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. SIC Code 5812 - Eating Places Loan Approval Date 9/29/2000 Loan Approval Gross Amount $206,400 Loan Approval from the SBA Of the total $206,400 loan amount, the SBA guaranteed $154,800. 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 30 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Baton Rouge or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 New Orleans, Louisiana
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