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May 17, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Lafayette, Business Loans > Midsouth Bank Lafayette Business Loans > Site Preparation Contractors Loan | ||||
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Midsouth Bank
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SBA Loan from Midsouth Bank Helps Site Preparation Contractors CompanyAn SBA loan from Midsouth Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Scott, Louisiana business owner got a $439,368 loan. This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Midsouth Bank, out of Lafayette, Louisiana. The loan was granted and they received $439,368 to help grow their Scott, Louisiana business. SBA Loan Borrower COMPANY TYPE: SITE PREPARATION CONTRACTORS SBA Loan Lender MIDSOUTH BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA 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 238910 - Site Preparation Contractors Loan Approval Date 1/6/2006 Loan Approval Gross Amount $439,368 Loan Approval from the SBA Of the total $439,368 loan amount, the SBA guaranteed $329,526. 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 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This SBA loan was for $439,368. How would you spend $439,368 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: Obtaining Funding - How to Decide How Much to Raise SBA 7A Lenders in Lafayette, Louisiana SBA Participating Banks in Louisiana
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