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

Raising Money in New Iberia, Louisiana With SBA Loans

 

 
Loan Census SBA Loan Info

Loans for Motor Vehicle Parts Merchant Wholesalers

Looking for loans for motor vehicle parts merchant wholesalers? An SBA loan may be just what you've been looking for. This $250,000 motor vehicle parts merchant wholesalers loan was issued by a Louisiana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New Iberia, Louisiana was able to borrow $250,000 from Gulf Coast Bank. The SBA made the loan possible by guaranteeing $187,500 of this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE PARTS MERCHANT WHOLESALERS
NEW IBERIA, LA 70563

SBA Loan Lender

GULF COAST BANK
221 S STATE ST
ABBEVILLE, LA 70510

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423140 - Motor Vehicle Parts Merchant Wholesalers

Loan Approval Date

7/7/2005

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 3 new jobs.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Gulf Coast Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Small Business Credit Cards

SBA Participating Banks in Abbeville, Louisiana

SBA Participating Banks in Louisiana