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May 12, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Lafayette, Business Loans > Midsouth Bank Lafayette Business Loans > Specialized Local Freight Trucking Loan | ||||
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Louisiana Bank SBA Loans
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Lafayette, Louisiana Bank Gives SBA Loan to Specialized Local Freight Trucking CompanyThinking about meeting with a Lafayette, Louisiana bank about an SBA loan? Here's one Louisiana business loan, issued by a Lafayette bank, that was approved by the SBA. Applying for an SBA loan with Midsouth Bank worked out well for our friends at one local firm in Broussard, Louisiana. The business was able to get an SBA loan for $105,200. Way to go! SBA Loan Borrower COMPANY TYPE: SPECIALIZED LOCAL FREIGHT TRUCKING SBA Loan Lender MIDSOUTH BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 484220 - Specialized Local Freight Trucking Loan Approval Date 8/24/2005 Loan Approval Gross Amount $105,200 Loan Approval from the SBA Of the total $105,200 loan amount, the SBA guaranteed $89,420. 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 only one employee. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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: Determining Proper Capital Structure for a Business SBA 7A Banks for Lafayette, Louisiana Loans
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