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May 4, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Irving, Business Loans > Citicapital Small Business Finance Irving Business Loans > Sporting Goods Stores And Bicycle Shops Loan | ||||
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Louisiana Small Business Loans from Citicapital Small Business Finance
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Business Loan from Citicapital Small Business Finance Given to Sporting Goods Stores And Bicycle Shops CompanyCiticapital Small Business Finance 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. Getting a small business loan in Alexandria, Louisiana was an essential business goal for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Citicapital Small Business Finance, operating out of Irving, Texas. Here are the details on this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS SBA Loan Lender CITICAPITAL SMALL BUSINESS FINANCE The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5941 - Sporting Goods Stores and Bicycle Shops NAICS Code 451110 - Sporting Goods Stores Loan Approval Date 9/21/2000 Loan Approval Gross Amount $139,000 Loan Approval from the SBA Of the total $139,000 loan amount, the SBA guaranteed $104,250. 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 only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great source of funding. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Citicapital Small Business Finance that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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:
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