Monroe, Louisiana Bank Lends Money to Limited-Service Restaurants Company in Alexandria, Louisiana

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

Applying for an SBA loan with Amsouth Bank, A Division Of worked out well for our friends at one local company in Alexandria, Louisiana. They got an SBA loan for $800,000. Great job!

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
ALEXANDRIA, LA 71303

SBA Loan Lender

AMSOUTH BANK, A DIVISION OF
2400 FORSYTHE AVE
MONROE, LA 71201

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/22/2003

Loan Approval Gross Amount

$800,000

Loan Approval from the SBA

Of the total $800,000 loan amount, the SBA guaranteed $600,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in Alexandria LA, you ought to talk with a local Alexandria SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Alexandria businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Amsouth Bank, A Division Of are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Determining Proper Capital Structure for a Business

Small Business Banks in Monroe, Louisiana

Louisiana SBA 7A Lenders