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April 30, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Our First Year Inc Loan | ||||
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West Monroe, Louisiana Bank Loan
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Borrow Money to Buy a Southern Maid Donuts FranchiseBorrowing money to purchase a Southern Maid Donuts franchise? Capital One has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in West Monroe, Louisiana needed money to invest in a Southern Maid Donuts franchise back in 2001. Capital One issued an SBA franchise loan. Here are the details on this Louisiana small business loan. SBA Loan Borrower OUR FIRST YEAR INC SBA Loan Lender CAPITAL ONE This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 722110 - Full-Service Restaurants Loan Approval Date 8/23/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Southern Maid Donuts franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the borrowed money would help create 6 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Capital One and they will explain how you can get an SBA loan for your company. 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 Mclean, Virginia Loans Getting an SBA Loan in Virginia
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