Abbeville, Louisiana Business Gets SBA-Guaranteed Funding from Gulf Coast Bank
Gulf Coast Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Louisiana entrepreneur who tapped into the power of SBA loans.
This growing company knew how to go about getting a business bank loan. Based in Abbeville, Louisiana, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Gulf Coast Bank, based in Abbeville, Louisiana.
SBA Loan Borrower
COMPANY TYPE: ACCOUNTING SERVICES
ABBEVILLE, LA 70510
SBA Loan Lender
GULF COAST BANK
221 S STATE ST
ABBEVILLE, LA 70510
This lender issued this particular 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.
541219 - Accounting Services
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $37,300 loan amount, the SBA guaranteed $31,705.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 8 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Gulf Coast Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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.
Family and Friend Investors - Your First Financiers
Best Banks in Abbeville, Louisiana
Where to Get an SBA Loan Louisiana