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May 14, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Ruston, Business Loans > Community Trust Bank Ruston Business Loans > Optometrists Loan | ||||
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Community Trust Bank SBA 7A Loans
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Getting an SBA Loan for OptometristsLooking for commercial loans for optometrists? The SBA may be the answer. This $100,000 optometrists loan was issued by a Louisiana bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ruston, Louisiana was able to borrow $100,000 from Community Trust Bank. The SBA made the loan possible by guaranteeing $85,000 of this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: OPTOMETRISTS SBA Loan Lender COMMUNITY TRUST BANK This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621320 - Optometrists Loan Approval Date 2/25/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 3 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. 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 Community Trust Bank 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: Find an SBA Lender in Ruston, Louisiana Getting a Business Loan in Louisiana
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