First National Bank - Louisiana SBA Loan to Hospital And Medical Service Plans Company

Looking to get a Louisiana business loan? Here's one Louisiana business loan that was approved by the SBA.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with First National Bank - Louisiana, out of Lake Charles, Louisiana. The loan was granted and they received $106,500 to help grow their Lake Charles, Louisiana business.

SBA Loan Borrower

COMPANY TYPE: HOSPITAL AND MEDICAL SERVICE PLANS
LAKE CHARLES, LA 70606

SBA Loan Lender

FIRST NATIONAL BANK - LOUISIANA
551 W PRIEN LAKE RD
LAKE CHARLES, LA 70605

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

6324 - Hospital and Medical Service Plans

Loan Approval Date

4/6/2000

Loan Approval Gross Amount

$106,500

Loan Approval from the SBA

Of the total $106,500 loan amount, the SBA guaranteed $79,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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Best Lake Charles, Louisiana Banks for Small Business

Where to Get an SBA Loan Louisiana