 |
 |
May 11, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Houma, Business Loans > South Louisiana Bank Houma Business Loans > Automotive Parts And Accessories Stores Loan | ||||
 |
||||
SBA Lenders Louisiana
|
||||
 |
Houma, Louisiana Bank Gives SBA Loan to Automotive Parts And Accessories Stores CompanyWant to talk with a Houma, Louisiana bank about an SBA loan? Here's one Louisiana business loan, issued by a Houma bank, that was approved by the SBA. Applying for an SBA loan with South Louisiana Bank worked out well for our friends at one local firm in Houma, Louisiana. The business was able to get an SBA loan for $20,000. Way to go! SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE PARTS AND ACCESSORIES STORES SBA Loan Lender SOUTH LOUISIANA BANK This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 3/27/2002 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $17,000. 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. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $20,000 loan. Remember, you control your own destiny. 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 Banks for Small Business in Houma, Louisiana
|
|
||
|
||||
|
|
||||