Source Business & Indust Devel Cor Gives Small Business Loan to Personal Care Services Company

SBA loans in Louisiana are tough to come by these days. We take a look at one Louisiana SBA 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 particular business back in 2002 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: PERSONAL CARE SERVICES
BATON ROUGE, LA 70817

SBA Loan Lender

SOURCE BUSINESS & INDUST DEVEL COR
9400 OLD HAMMOND HIGHWAY,
BATON ROUGE, LA 70809

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

8/30/2002

Loan Approval Gross Amount

$405,000

Loan Approval from the SBA

Of the total $405,000 loan amount, the SBA guaranteed $303,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The loan application indicated that the loan would help generate 12 new jobs and retain 12 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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Small Business Banks in Baton Rouge, Louisiana

Louisiana SBA Banks