Financing for Technical and Trade Schools

Looking for commercial loans for technical and trade schools? Talk to a banker who works with the SBA. This $312,000 technical and trade schools loan was issued by a Louisiana bank.

This small business knew how to go about getting a business bank loan. Based in New Orleans, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Parish National Bank, based in Metairie, Louisiana.

SBA Loan Borrower

COMPANY TYPE: TECHNICAL AND TRADE SCHOOLS
NEW ORLEANS, LA 70119

SBA Loan Lender

PARISH NATIONAL BANK
3900 VETERANS BLVD
METAIRIE, LA 70002

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611519 - Technical and Trade Schools

Loan Approval Date

3/4/2005

Loan Approval Gross Amount

$312,000

Loan Approval from the SBA

Of the total $312,000 loan amount, the SBA guaranteed $234,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

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

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Parish National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Equity Financing

SBA Participating Banks in Metairie, Louisiana

Louisiana SBA 7A Lenders