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May 17, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Metairie, Business Loans > Omni Bank Metairie Business Loans > Limited-Service Restaurants Loan | ||||
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Small Business Banks for Small Business Owners in Louisiana
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Myrtle Grove, Louisiana Entrepreneur Gets a Bank LoanLouisianaSBA loans are available to Louisiana entrepreneurs through the SBA. In this case, a Louisiana bank provides the loan. By giving the right information to Omni Bank, this Myrtle Grove, Louisiana business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender OMNI BANK The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/27/2001 Loan Approval Gross Amount $38,800 Loan Approval from the SBA Of the total $38,800 loan amount, the SBA guaranteed $19,400. 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 10 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 4 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 $38,800 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: SBA 7A Banks for Metairie, Louisiana Loans Getting an SBA Loan in Louisiana
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