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May 15, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Bogalusa, Business Loans > Parish National Bank Bogalusa Business Loans > Sports And Recreation Instruction Loan | ||||
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Parish National Bank
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Mandeville, Louisiana Business Gets SBA-Guaranteed Funding from Parish National BankParish National Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Louisiana entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Mandeville, Louisiana was an essential business goal for this firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Parish National Bank, operating out of Bogalusa, Louisiana. Here are the details on this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: SPORTS AND RECREATION INSTRUCTION SBA Loan Lender PARISH NATIONAL BANK This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611620 - Sports and Recreation Instruction Loan Approval Date 11/23/2005 Loan Approval Gross Amount $115,500 Loan Approval from the SBA Of the total $115,500 loan amount, the SBA guaranteed $98,175. More Information on This SBA Loan The borrower borrowed this money for a new 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 3 employees. The SBA loan documents indicated that the borrowed money would help create 3 new jobs. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $115,500. How would you spend $115,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Approved Banks in Bogalusa, Louisiana
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