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April 29, 2024  
 
 
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Raising Money in Metairie, Louisiana With SBA Loans

 

 
Loan Census SBA Loan Info

Metairie, Louisiana Entrepreneur Gets a Business Loan

Would a Louisiana bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Louisiana bank, which offers SBA loans to Louisiana entrepreneurs.

Getting a small business loan in Metairie, Louisiana was a top priority for this loan applicant back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Business Res. Cap. Specialty B. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
METAIRIE, LA 70001

SBA Loan Lender

BUSINESS RES. CAP. SPECIALTY B
650 POYDRAS ST., STE.1220
NEW ORLEANS, LA 70130

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

10/20/2003

Loan Approval Gross Amount

$187,800

Loan Approval from the SBA

Of the total $187,800 loan amount, the SBA guaranteed $140,850.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Business Res. Cap. Specialty B are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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