SBA Loan from Capital One Helps Flour And Other Grain Mill Products Company
An SBA loan from Capital One typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Franklinton, Louisiana business owner got a $300,000 loan.
This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Capital One, out of Mclean, Virginia. The loan was granted and they received $300,000 to help grow their Franklinton, Louisiana business.
SBA Loan Borrower
COMPANY TYPE: FLOUR AND OTHER GRAIN MILL PRODUCTS
FRANKLINTON, LA 70438
SBA Loan Lender
CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102
This commercial 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
2041 - Flour and Other Grain Mill Products
NAICS Code
311211 - Flour Milling
Loan Approval Date
4/21/2000
Loan Approval Gross Amount
$300,000
Loan Approval from the SBA
Of the total $300,000 loan amount, the SBA guaranteed $270,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 35 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Role of Business Plan When Raising Money
SBA Approved Banks in Mclean, Virginia
Virginia SBA 7A Lenders