How to Get a Loan for Highway and Street Construction
Looking for business loans for highway and street construction? The SBA may be the answer. This $60,000 highway and street construction loan was issued by a Louisiana bank.
Getting a small business loan in Lafayette, Louisiana was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Gulf Coast Bank, operating out of Abbeville, Louisiana. Here are the details on this Louisiana small business loan.
SBA Loan Borrower
COMPANY TYPE: HIGHWAY AND STREET CONSTRUCTION
LAFAYETTE, LA 70503
SBA Loan Lender
GULF COAST BANK
221 S STATE ST
ABBEVILLE, LA 70510
This bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending track record and a thorough understanding of SBA loan requirements.
SBA Loan Program Type
This loan was issued as a general business loan.
234110 - Highway and Street Construction
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $60,000 loan amount, the SBA guaranteed $51,000.
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 2 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Gulf Coast Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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.
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Where to Get an SBA Loan Louisiana