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April 28, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > New Orleans, Business Loans > First Bank And Trust New Orleans Business Loans > Finish Carpentry Contractors Loan | ||||
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New Orleans Lenders
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New Orleans, Louisiana Lender Lends Money to Finish Carpentry Contractors CompanyThinking about meeting with a New Orleans, Louisiana bank about a small business loan? Here's one Mississippi business loan, issued by a New Orleans bank, that was approved by the SBA. Applying for an SBA loan with First Bank And Trust worked out well for our friends at one local company in Gulfport, Mississippi. They got an SBA loan for $150,000. Great job! SBA Loan Borrower COMPANY TYPE: FINISH CARPENTRY CONTRACTORS SBA Loan Lender FIRST BANK AND TRUST This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238350 - Finish Carpentry Contractors Loan Approval Date 6/22/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 4 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Determining Proper Capital Structure for a Business Best Banks for Small Business in New Orleans, Louisiana
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