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May 14, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Monroe, Business Loans > North Louisiana Bidco, LLC Monroe Business Loans > Oil And Gas Field Services Loan | ||||
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How to Get SBA Loans in Downsville, Louisiana
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Financing for Bituminous Coal Underground MiningLooking for commercial loans for bituminous coal underground mining? Talk to a banker who works with the SBA. This $230,000 bituminous coal underground mining loan was issued by a Louisiana bank. This business knew how to go about getting a business bank loan. Based in Downsville, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was North Louisiana Bidco, LLC, based in Monroe, Louisiana. SBA Loan Borrower COMPANY TYPE: OIL AND GAS FIELD SERVICES SBA Loan Lender NORTH LOUISIANA BIDCO, LLC This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1389 - Oil and Gas Field Services NAICS Code 212112 - Bituminous Coal Underground Mining Loan Approval Date 8/20/2001 Loan Approval Gross Amount $230,000 Loan Approval from the SBA Of the total $230,000 loan amount, the SBA guaranteed $172,500. 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 11 employees. The SBA loan documents did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start business in Downsville LA, you ought to talk with a local Downsville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Downsville businesses. 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: Borrowing Money from Friends and Family SBA Approved Banks in Monroe, Louisiana
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