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May 14, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Ruston, Business Loans > Community Trust Bank Ruston Business Loans > Commercial And Service Industry Machinery Manufacturing Loan | ||||
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SBA Lenders in Louisiana
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Borrowing Money for Commercial and Service Industry Machinery ManufacturingLooking for bank loans for commercial and service industry machinery manufacturing? Try the SBA. This $60,000 commercial and service industry machinery manufacturing loan was issued by a Louisiana bank. This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Community Trust Bank, out of Ruston, Louisiana. The loan was granted and they received $60,000 to help grow their Monroe, Louisiana business. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND SERVICE INDUSTRY MACHINERY MANUFACTURING SBA Loan Lender COMMUNITY TRUST BANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333319 - Commercial and Service Industry Machinery Manufacturing Loan Approval Date 3/8/2005 Loan Approval Gross Amount $60,000 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 only one employee. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We can help you find the best banks for small businesses in Monroe 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: Obtaining Funding - How to Decide How Much to Raise Find an SBA Lender in Ruston, Louisiana
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