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May 15, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > New Roads, Business Loans > Peoples Bank & Trust - Pointe C New Roads Business Loans > Hardware Stores Loan | ||||
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Maringouin, Louisiana Bank for SBA Loans
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Hardware Stores LoansLooking for loans for hardware stores? Try the SBA. This $400,000 hardware stores loan was issued by a Louisiana bank. This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Peoples Bank & Trust - Pointe C, out of New Roads, Louisiana. The loan was granted and they received $400,000 to help grow their Maringouin, Louisiana business. SBA Loan Borrower COMPANY TYPE: HARDWARE STORES SBA Loan Lender PEOPLES BANK & TRUST - POINTE C The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444130 - Hardware Stores Loan Approval Date 1/7/2005 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are raising money in Maringouin LA, you ought to talk with a local Maringouin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Maringouin businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $400,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Advice on Getting a Small Business Loan Who Lends Money to Small Businesses in New Roads, Louisiana
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