Louisiana Small Business Loan Issued to Manufacturing Company

Small business loans in Louisiana are hard to find these days. We take a look at one Louisiana small business loan, provided by a Louisiana bank, that was approved by the SBA.

Getting a small business loan in Thibodaux, Louisiana was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Business Res. Cap. Specialty B. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING
THIBODAUX, LA 70301

SBA Loan Lender

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

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339999 - Manufacturing

Loan Approval Date

4/25/2003

Loan Approval Gross Amount

$219,500

Loan Approval from the SBA

Of the total $219,500 loan amount, the SBA guaranteed $164,625.

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 2 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to add 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.

We can help you find the best banks for small businesses in Thibodaux or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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