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November 15, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Alexandria, Business Loans > Red River Bank Alexandria Business Loans > Optical Goods Stores Loan | ||||
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Banks Doing SBA Loans in Louisiana
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Alexandria, Louisiana Bank Gives SBA Loan to Optical Goods Stores CompanyAn Alexandria, Louisiana SBA loan can be yours. Learn how a business got a $240,000 business loan from this Louisiana bank. This loan to a local firm is a good example of an SBA loan. Red River Bank made the loan and the SBA guaranteed a portion of the loan. Many other Louisiana entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: OPTICAL GOODS STORES SBA Loan Lender RED RIVER BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial 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 446130 - Optical Goods Stores Loan Approval Date 10/22/2003 Loan Approval Gross Amount $240,000 Loan Approval from the SBA Of the total $240,000 loan amount, the SBA guaranteed $180,000. 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 3 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Red River Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 From a Venture Capitalist Best Banks for Small Business in Alexandria, Louisiana
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