Loan Census Banking News and Information
January 29, 2023  
 
 
  Business Loan Information  
 

Abbeville, Louisiana SBA 7A Banks

 

 
Loan Census SBA Loan Info

Abbeville, Louisiana Lender Lends Money to Full-Service Restaurants Company

Get business loans from an Abbeville, Louisiana bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Gulf Coast Bank is a Abbeville, Louisiana small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Louisiana company.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
MAURICE, LA 70555

SBA Loan Lender

GULF COAST BANK
221 S STATE ST
ABBEVILLE, LA 70510

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/19/2002

Loan Approval Gross Amount

$93,300

Loan Approval from the SBA

Of the total $93,300 loan amount, the SBA guaranteed $79,305.

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 5 employees. The SBA loan documents indicated that the loan would help generate 20 new jobs and retain 25 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in Maurice LA, you ought to talk with a local Maurice SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Maurice businesses.

We can help you find the best banks for small businesses in Maurice or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

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Good Banks for Small Business in Abbeville, Louisiana

Getting an SBA Loan in Louisiana