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May 13, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Shellfish Loan | ||||
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SBA Lender Ville Platte Louisiana
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Small Business Loans for Shellfish FishingLooking for small business loans for shellfish fishing? Talk to a banker who works with the SBA. This $940,000 shellfish fishing loan was issued by a Virginia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ville Platte, Louisiana was able to borrow $940,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $705,000 of this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: SHELLFISH SBA Loan Lender BUSINESS LOAN CENTER, LLC This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and are well trained in SBA loan requirements. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0913 - Shellfish NAICS Code 114112 - Shellfish Fishing Loan Approval Date 1/31/2002 Loan Approval Gross Amount $940,000 Loan Approval from the SBA Of the total $940,000 loan amount, the SBA guaranteed $705,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 5 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Business Loan Center, LLC had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Business Loan Center, LLC 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: Obtaining Funding - Getting Venture Capital SBA 7A Banks in Richmond, Virginia Getting an SBA Loan in Virginia
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