Louisiana Bank Loan Issued to Support Activities For Oil And Gas Operations Company
Small business loans in Louisiana are are few and far betweeen these days. We take a look at one Louisiana small business loan, provided by a Louisiana bank, that was approved by the SBA.
This small business, based in Lafayette, Louisiana, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Gulf Coast Bank. We've got the inside scoop on this Louisiana small business loan.
SBA Loan Borrower
COMPANY TYPE: SUPPORT ACTIVITIES FOR OIL AND GAS OPERATIONS
LAFAYETTE, LA 70503
SBA Loan Lender
GULF COAST BANK
221 S STATE ST
ABBEVILLE, LA 70510
This bank loan was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA delivers a fast loan decision.
SBA Loan Program Type
This loan was issued as a general business loan.
213112 - Support Activities for Oil and Gas Operations
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $500,000 loan amount, the SBA guaranteed $375,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 50 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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.
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