SBA Loan from Business Res. Cap. Specialty B Helps Professional, Scientific, And Technical Services Company

Business Res. Cap. Specialty B is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Louisiana entrepreneur who tapped into the power of SBA loans.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Baker, Louisiana was able to borrow $150,000 from Business Res. Cap. Specialty B. The SBA made the loan possible by guaranteeing $127,500 of this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: PROFESSIONAL, SCIENTIFIC, AND TECHNICAL SERVICES
BAKER, LA 70806

SBA Loan Lender

BUSINESS RES. CAP. SPECIALTY B
650 POYDRAS ST., STE.1220
NEW ORLEANS, LA 70130

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541990 - Professional, Scientific, and Technical Services

Loan Approval Date

1/29/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 5 employees. The loan application indicated that the loan would help generate 25 new jobs and retain 5 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Business Res. Cap. Specialty B 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.

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