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May 9, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Ponchatoula, Business Loans > First Guaranty Bank Ponchatoula Business Loans > Hobby, Toy, And Game Shops Loan | ||||
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Baton Rouge, Louisiana Bank Loan
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Small Business Loans for Hobby, Toy, and Game StoresLooking for small business loans for hobby, toy, and game stores? The SBA may be the answer. This $125,000 hobby, toy, and game stores loan was issued by a Louisiana bank. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with First Guaranty Bank, out of Ponchatoula, Louisiana. The loan was granted and they received $125,000 to help grow their Baton Rouge, Louisiana business. SBA Loan Borrower COMPANY TYPE: HOBBY, TOY, AND GAME SHOPS SBA Loan Lender FIRST GUARANTY BANK 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. SIC Code 5945 - Hobby, Toy, and Game Shops NAICS Code 451120 - Hobby, Toy, and Game Stores Loan Approval Date 7/19/2000 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $93,750. 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 3 employees. The loan application did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Ponchatoula, Louisiana Banks for Small Business
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