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May 13, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Houma, Business Loans > Synergy Bank Houma Business Loans > Grocery Stores Loan | ||||
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Louisiana Bank SBA Loans
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Synergy Bank SBA Loan to Grocery Stores CompanyLooking to get a Louisiana SBA loan? Here's one Louisiana business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Houma, Louisiana was able to borrow $115,000 from Synergy Bank. The SBA made the loan possible by guaranteeing $86,250 of this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender SYNERGY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores Loan Approval Date 8/8/2000 Loan Approval Gross Amount $115,000 Loan Approval from the SBA Of the total $115,000 loan amount, the SBA guaranteed $86,250. 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 6 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Houma, Louisiana
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