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May 6, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > New Orleans, Business Loans > Whitney National Bank New Orleans Business Loans > Nonferrous Forging Loan | ||||
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SBA Lenders for Entrepreneurs in Louisiana
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Louisiana Bank Loan Issued to Nonferrous Forging CompanyWould a Louisiana business loan help your company expand? If so, you may want to talk with this Louisiana bank, which offers SBA loans to Louisiana entrepreneurs. Getting a small business loan in Broussard, Louisiana was a top priority for this SBA-financed company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Whitney National Bank. Here are the details on this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: NONFERROUS FORGING SBA Loan Lender WHITNEY NATIONAL BANK The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 332112 - Nonferrous Forging Loan Approval Date 10/22/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 Find an SBA Lender in New Orleans, Louisiana
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