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May 2, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Bossier City, Business Loans > Citizens National Bank Bossier City Business Loans > Piece Goods, Notions, And Dry Goods Wholesalers Loan | ||||
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Best Banks for Haughton Small Business Owners
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SBA Loans for Piece Goods, Notions, and Dry Goods WholesalersLooking for SBA loans for piece goods, notions, and dry goods wholesalers? Try the SBA. This $60,000 piece goods, notions, and dry goods wholesalers loan was issued by a Louisiana bank. Getting a small business loan in Haughton, Louisiana was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Citizens National Bank, operating out of Bossier City, Louisiana. Here are the details on this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: PIECE GOODS, NOTIONS, AND DRY GOODS WHOLESALERS SBA Loan Lender CITIZENS NATIONAL BANK This was a Low Documentation SBA loan. The SBA started this program to reduce 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. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 422310 - Piece Goods, Notions, and Dry Goods Wholesalers Loan Approval Date 8/1/2002 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. 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. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Don't apply for a loan directly with the SBA. You need to 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citizens National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: SBA 7A Banks in Bossier City, Louisiana
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