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May 5, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > New Orleans, Business Loans > Whitney National Bank New Orleans Business Loans > Shellfish Loan | ||||
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Raising Money in Lafitte, Louisiana With SBA Loans
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Business Loans for Shellfish FishingLooking for business loans for shellfish fishing? Try the SBA. This $106,600 shellfish fishing loan was issued by a Louisiana bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lafitte, Louisiana was able to borrow $106,600 from Whitney National Bank. The SBA made the loan possible by guaranteeing $79,950 of this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: SHELLFISH SBA Loan Lender WHITNEY NATIONAL BANK This lender issued this particular commercial 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. SIC Code 0913 - Shellfish NAICS Code 114112 - Shellfish Fishing Loan Approval Date 3/20/2000 Loan Approval Gross Amount $106,600 Loan Approval from the SBA Of the total $106,600 loan amount, the SBA guaranteed $79,950. 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 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. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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: Small Business Banks in New Orleans, Louisiana Browse All Business Loan Sources for Louisiana
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