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May 5, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Panama City Beach, Business Loans > Business Loan Center, LLC Panama City Beach Business Loans > Frozen Cakes, Pies, And Pastries Manufacturing Loan | ||||
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Small Business Banks for Small Businesses in Louisiana
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Louisiana Small Business Loan Issued to Frozen Cakes, Pies, And Pastries Manufacturing CompanyLouisianaBusiness loans are available to Louisiana business owners through the SBA. In this case, a Florida bank provides the loan. By giving the right information to Business Loan Center, LLC, this Carencro, Louisiana business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: FROZEN CAKES, PIES, AND PASTRIES MANUFACTURING SBA Loan Lender BUSINESS LOAN CENTER, LLC This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311813 - Frozen Cakes, Pies, and Pastries Manufacturing Loan Approval Date 8/22/2006 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $21,250. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Business Loan Center, LLC so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Family and Friend Investors - Your First Financiers Good Banks for Small Business in Panama City Beach, Florida SBA Participating Banks in Florida
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