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May 12, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Houma, Business Loans > Synergy Bank Houma Business Loans > Eating Places Loan | ||||
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Louisiana Bank SBA Loans
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Synergy Bank SBA Loan to Eating Places CompanyWant a Louisiana SBA loan? Here's one Louisiana business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Houma, Louisiana, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Synergy Bank, based in Houma, Louisiana. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender SYNERGY BANK This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring 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. SIC Code 5812 - Eating Places Loan Approval Date 4/12/2000 Loan Approval Gross Amount $52,400 Loan Approval from the SBA Of the total $52,400 loan amount, the SBA guaranteed $41,920. 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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Houma or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Getting an SBA Loan in Louisiana
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