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May 1, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Natchitoches, Business Loans > City Bank And Trust Company Natchitoches Business Loans > Planet Beach Loan | ||||
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Shreveport, Louisiana Bank Loan
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Loan to Buy Planet Beach Franchise Issued By City Bank And Trust CompanyBorrowing money to buy a Planet Beach franchise? City Bank And Trust Company has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Shreveport, Louisiana needed money to invest in a Planet Beach franchise back in 2003. City Bank And Trust Company issued an SBA franchise loan. Here are the details on this Louisiana small business loan. SBA Loan Borrower PLANET BEACH SBA Loan Lender CITY BANK AND TRUST COMPANY This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812199 - Personal Care Services Loan Approval Date 4/3/2003 Loan Approval Gross Amount $134,100 Loan Approval from the SBA Of the total $134,100 loan amount, the SBA guaranteed $113,985. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Planet Beach franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 City Bank And Trust Company 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: Banking Deregulation's Effects on Entrepreneurship Small Business Banks in Natchitoches, Louisiana
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