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April 19, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > El Dorado, Business Loans > First Financial Bank El Dorado Business Loans > Broilers And Meat Type Loan | ||||
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Raising Money in Choudrant, Louisiana With SBA Loans
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Firm Gets a Louisiana Business LoanLouisianaSmall business loans are available to Louisiana small business owners through the SBA. In this case, an Arkansas bank provides the loan. Getting a small business loan in Choudrant, Louisiana was a top priority for this small company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First Financial Bank. Here are the details on this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: BROILERS AND MEAT TYPE SBA Loan Lender FIRST FINANCIAL BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 112320 - Broilers and Meat Type Loan Approval Date 10/6/2004 Loan Approval Gross Amount $776,000 Loan Approval from the SBA Of the total $776,000 loan amount, the SBA guaranteed $582,000. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Financial Bank and they will explain how you can get an SBA loan for your company. 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: Find an SBA Lender in El Dorado, Arkansas Getting an SBA Loan in Arkansas
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