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May 15, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Morgan City, Business Loans > Midsouth Bank Morgan City Business Loans > Shipbuilding And Ship Repairing Loan | ||||
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Morgan City SBA Lenders
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Entrepreneur Works With Morgan City, Louisiana Bank to Get an SBA LoanGet SBA loans from a Morgan City, Louisiana bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Midsouth Bank is a Morgan City, Louisiana small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Louisiana company. SBA Loan Borrower COMPANY TYPE: SHIPBUILDING AND SHIP REPAIRING SBA Loan Lender MIDSOUTH BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3731 - Shipbuilding and Ship Repairing NAICS Code 336611 - Ship Building and Repairing Loan Approval Date 8/2/2005 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $360,000. 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 12 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Midsouth Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Find an SBA Lender in Morgan City, Louisiana
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