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May 17, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Plaquemine, Business Loans > Plaquemine Bank & Trust Plaquemine Business Loans > Full-Service Restaurants Loan | ||||
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Plaquemine Bank & Trust
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Baton Rouge, Louisiana Business Gets SBA-Guaranteed Funding from Plaquemine Bank & TrustAn SBA loan from Plaquemine Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Baton Rouge, Louisiana business owner got a $95,000 loan. This growing company knew how to go about getting a business bank loan. Based in Baton Rouge, Louisiana, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Plaquemine Bank & Trust, based in Plaquemine, Louisiana. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender PLAQUEMINE BANK & TRUST 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. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 6/6/2001 Loan Approval Gross Amount $95,000 Loan Approval from the SBA Of the total $95,000 loan amount, the SBA guaranteed $80,750. 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 12 employees. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $95,000. How would you spend $95,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best Banks in Plaquemine, Louisiana
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