Bancorpsouth Bank Gives Business Loan to Dentists Company

SBA loans in Louisiana are are few and far betweeen these days. We take a look at one Louisiana SBA loan, provided by a Louisiana bank, that was approved by the SBA.

Getting a small business loan in Mangham, Louisiana was a top priority for this particular business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Bancorpsouth Bank. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
MANGHAM, LA 71259

SBA Loan Lender

BANCORPSOUTH BANK
107 GLENDA ST
RAYVILLE, LA 71269

This lender issued this SBA bank loan under the 7A SBA 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

621210 - Dentists

Loan Approval Date

1/27/2006

Loan Approval Gross Amount

$455,785

Loan Approval from the SBA

Of the total $455,785 loan amount, the SBA guaranteed $341,839.

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 9 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bancorpsouth Bank and they will explain how you can get an SBA loan for your company.

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:

504 Loans

Who Lends Money to Small Businesses in Rayville, Louisiana

Louisiana SBA Bank Lenders