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May 13, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > New Orleans, Business Loans > Gulf Coast Bank & Trust New Orleans Business Loans > Personal Leather Good Manufacturing Loan | ||||
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New Orleans, Louisiana Bank for SBA Loans
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Entrepreneur Works With New Orleans, Louisiana Bank to Get an SBA LoanThinking about meeting with a New Orleans, Louisiana bank about a small business loan? Here's one Louisiana business loan, issued by a New Orleans bank, that was approved by the SBA. Applying for an SBA loan with Gulf Coast Bank & Trust worked out well for our friends at one local business in Mandeville, Louisiana. They got an SBA loan for $775,000. Great job! SBA Loan Borrower COMPANY TYPE: PERSONAL LEATHER GOOD MANUFACTURING SBA Loan Lender GULF COAST BANK & TRUST This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 316993 - Personal Leather Good Manufacturing Loan Approval Date 11/14/2005 Loan Approval Gross Amount $775,000 Loan Approval from the SBA Of the total $775,000 loan amount, the SBA guaranteed $581,250. 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 4 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 16 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source 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 & Trust 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. Related Links: Banks in New Orleans, Louisiana
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