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April 19, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > New Orleans, Business Loans > Whitney National Bank New Orleans Business Loans > Full-Service Restaurants Loan | ||||
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Banks for Montgomery, Alabama Businesses
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Full-Service Restaurants Business LoansLooking for business loans for full-service restaurants? Try the SBA. This $50,000 full-service restaurants loan was issued by a Louisiana bank. This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Whitney National Bank, out of New Orleans, Louisiana. The loan was granted and they received $50,000 to help grow their Montgomery, Alabama business. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender WHITNEY NATIONAL BANK This lender provides SBA bank 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 722110 - Full-Service Restaurants Loan Approval Date 8/23/2002 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Whitney National Bank and they will explain how you can get an SBA loan for your company. 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: Small Bank Loans in New Orleans, Louisiana
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