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May 19, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > West Monroe, Business Loans > Community Trust Bank West Monroe Business Loans > Beauty Shops Loan | ||||
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West Monroe Bank Loan
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West Monroe, Louisiana Lender Lends Money to Beauty Shops CompanyWant to talk with a West Monroe, Louisiana bank about an SBA loan? Here's one Louisiana business loan, issued by a West Monroe bank, that was approved by the SBA. Applying for an SBA loan with Community Trust Bank worked out well for our friends at one local firm in Monroe, Louisiana. They received an SBA loan for $65,000. Great job! SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender COMMUNITY TRUST BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7231 - Beauty Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 11/16/2000 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $52,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 7A Banks in West Monroe, Louisiana SBA Participating Banks in Louisiana
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