Gulf Coast Bank SBA Loan to Grocery Stores Company
Searching for a Louisiana small business loan? Here's one Louisiana business loan that was approved by the SBA.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Grand Coteau, Louisiana was able to borrow $365,000 from Gulf Coast Bank. The SBA made the loan possible by guaranteeing $273,750 of this Louisiana small business loan.
SBA Loan Borrower
COMPANY TYPE: GROCERY STORES
GRAND COTEAU, LA 70541
SBA Loan Lender
GULF COAST BANK
221 S STATE ST
ABBEVILLE, LA 70510
This business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending history and are well trained in SBA lending rules and regulations.
SBA Loan Program Type
This loan was issued as a general business loan.
5411 - Grocery Stores
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $365,000 loan amount, the SBA guaranteed $273,750.
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 only one employee. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.
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.
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.
Obtaining Funding - Friends and Family
Where to Get an SBA Loan in Abbeville, Louisiana
Louisiana SBA 7A Banks