Getting an SBA Loan for Commercial and Industrial Machinery and Equipment Rental and Leasing

Looking for business loans for commercial and industrial machinery and equipment rental and leasing? Talk to a banker who works with the SBA. This $25,000 commercial and industrial machinery and equipment rental and leasing loan was issued by a Louisiana bank.

This business knew how to go about getting a business bank loan. Based in New Orleans, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Business Res. Cap. Specialty B, based in New Orleans, Louisiana.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT RENTAL AND LEASING
NEW ORLEANS, LA 70130

SBA Loan Lender

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

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532490 - Commercial and Industrial Machinery and Equipment Rental and Leasing

Loan Approval Date

7/14/2003

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source

This SBA loan was for $25,000. How would you spend $25,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

How Equity Dilution Works

Where to Get an SBA Loan in New Orleans, Louisiana

Find an SBA Lender in Louisiana