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May 15, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Springhill, Business Loans > Citizens Bank & Trust Company Springhill Business Loans > Full-Service Restaurants Loan | ||||
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Citizens Bank & Trust Company
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Minden, Louisiana Business Gets SBA-Guaranteed Funding from Citizens Bank & Trust CompanyCitizens Bank & Trust Company has a track record as a leading provider of SBA loans. Find out how this Louisiana entrepreneur received an SBA loan from them. This business knew how to go about getting a business bank loan. Based in Minden, Louisiana, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Citizens Bank & Trust Company, based in Springhill, Louisiana. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender CITIZENS BANK & TRUST COMPANY This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 11/22/2004 Loan Approval Gross Amount $17,500 Loan Approval from the SBA Of the total $17,500 loan amount, the SBA guaranteed $8,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 8 existing jobs. Next Steps for Getting an SBA Loan If you need money to start business in Minden LA, you ought to talk with a local Minden SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Minden businesses. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Best Banks for Small Business in Springhill, Louisiana
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