Loan Census Banking News and Information
February 2, 2023  
 
 
  Business Loan Information  
 

We Needed an SBA 7A Loan in Scott, Louisiana and We Got One!

 

 
Loan Census SBA Loan Info

How to Get a Loan for Quick Printing

Looking for business loans for quick printing? The SBA may be the answer. This $43,300 quick printing 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 $43,300 from Gulf Coast Bank. The SBA made the loan possible by guaranteeing $36,805 of this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: QUICK PRINTING
Scott, LA 70583

SBA Loan Lender

GULF COAST BANK
221 S STATE ST
ABBEVILLE, LA 70510

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323114 - Quick Printing

Loan Approval Date

5/9/2006

Loan Approval Gross Amount

$43,300

Loan Approval from the SBA

Of the total $43,300 loan amount, the SBA guaranteed $36,805.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Gulf Coast Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Gulf Coast Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Find Start-Up Capital

SBA 7A Banks for Abbeville, Louisiana Loans

Louisiana SBA Bank Lenders