Loan Census Banking News and Information
February 1, 2023  
  Business Loan Information  

Banks Doing SBA Loans in Louisiana


Loan Census SBA Loan Info

Abbeville, Louisiana Lender Lends Money to Nondurable Goods Merchant Wholesalers Company

Thinking about meeting with an Abbeville, Louisiana bank about a business loan? Here's one Louisiana business loan, issued by an Abbeville bank, that was approved by the SBA.

Applying for an SBA loan with Gulf Coast Bank worked out well for our friends at one local firm in Scott, Louisiana. They received an SBA loan for $110,000. Nice!

SBA Loan Borrower

SCOTT, LA 70583

SBA Loan Lender


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.


424990 - Nondurable Goods Merchant Wholesalers

Loan Approval Date


Loan Approval Gross Amount


Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

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 9 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $110,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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 news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. 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.

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Small Business Banks in Abbeville, Louisiana

Louisiana SBA Bank Lenders