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February 8, 2023  
 
 
  Business Loan Information  
 

We Needed a Business Loan in Scott, Louisiana and We Got One!

 

 
Loan Census SBA Loan Info

How to Get a Loan for Soft Drink Manufacturing

Looking for commercial loans for soft drink manufacturing? The SBA may be the answer. This $107,000 soft drink manufacturing loan was issued by a Louisiana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Scott, Louisiana was able to borrow $107,000 from Gulf Coast Bank. The SBA made the loan possible by guaranteeing $90,950 of this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: SOFT DRINK MANUFACTURING
SCOTT, LA 70583

SBA Loan Lender

GULF COAST BANK
221 S STATE ST
ABBEVILLE, LA 70510

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

312111 - Soft Drink Manufacturing

Loan Approval Date

3/29/2005

Loan Approval Gross Amount

$107,000

Loan Approval from the SBA

Of the total $107,000 loan amount, the SBA guaranteed $90,950.

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 3 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

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.

This SBA loan was for $107,000. How would you spend $107,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

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Small Business Banks in Abbeville, Louisiana

Louisiana SBA 7A Banks