 |
 |
May 17, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Monroe, Business Loans > Ouachita Independent Bank Monroe Business Loans > Specialized Local Freight Trucking Loan | ||||
 |
||||
Best Banks for Business Owners in Louisiana
|
||||
 |
Louisiana Business Loan Issued to Specialized Local Freight Trucking CompanyLouisianaSBA loans are available to Louisiana entrepreneurs through the SBA. In this case, a Louisiana bank provides the loan. Getting a small business loan in Bastrop, Louisiana was a top priority for this particular business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Ouachita Independent Bank. Here are the details on this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: SPECIALIZED LOCAL FREIGHT TRUCKING SBA Loan Lender OUACHITA INDEPENDENT BANK This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 484220 - Specialized Local Freight Trucking Loan Approval Date 9/6/2005 Loan Approval Gross Amount $39,000 Loan Approval from the SBA Of the total $39,000 loan amount, the SBA guaranteed $33,150. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. 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 promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $39,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Lenders in Monroe, Louisiana
|
|
||
|
||||
|
|
||||