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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 > Packaging And Labeling Services Loan | ||||
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Ruston, Louisiana SBA 7A Banks
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Ruston, Louisiana Lender Lends Money to Packaging And Labeling Services CompanyThinking about meeting with a Ruston, Louisiana bank about a business loan? Here's one Louisiana business loan, issued by a Ruston bank, that was approved by the SBA. Applying for an SBA loan with Community Trust Bank worked out well for our friends at one local business in Ruston, Louisiana. The business was able to get an SBA loan for $85,000. Great job! SBA Loan Borrower COMPANY TYPE: PACKAGING AND LABELING SERVICES SBA Loan Lender COMMUNITY TRUST BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561910 - Packaging and Labeling Services Loan Approval Date 4/27/2001 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $72,250. 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 planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Community Trust Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA Participating Banks in Ruston, Louisiana
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