Source Business & Indust Devel Cor Gives Business Loan to Furniture Stores Company
Small business loans in Louisiana are hard to find these days. We take a look at one Louisiana small business loan, provided by a Louisiana bank, that was approved by the SBA.
Getting a small business loan in Baton Rouge, Louisiana was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Source Business & Indust Devel Cor. Here are the details on this Louisiana small business loan.
SBA Loan Borrower
COMPANY TYPE: FURNITURE STORES
BATON ROUGE, LA 70815
SBA Loan Lender
SOURCE BUSINESS & INDUST DEVEL COR
9400 OLD HAMMOND HIGHWAY,
BATON ROUGE, LA 70809
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
442110 - Furniture Stores
Loan Approval Date
5/7/2003
Loan Approval Gross Amount
$961,600
Loan Approval from the SBA
Of the total $961,600 loan amount, the SBA guaranteed $721,200.
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 11 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
This SBA loan was for $961,600. How would you spend $961,600 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.
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