Entrepreneur Works With Houston, Texas Bank to Get an SBA Loan
Want to talk with a Houston, Texas bank about a business loan? Here's one Louisiana business loan, issued by a Houston bank, that was approved by the SBA.
Applying for an SBA loan with Comerica Bank worked out well for our friends at one local business in Baton Rouge, Louisiana. The business was able to get an SBA loan for $1,210,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: COMMERCIAL LITHOGRAPHIC PRINTING
BATON ROUGE, LA 70802
SBA Loan Lender
COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
323110 - Commercial Lithographic Printing
Loan Approval Date
3/11/2002
Loan Approval Gross Amount
$1,210,000
Loan Approval from the SBA
Of the total $1,210,000 loan amount, the SBA guaranteed $907,500.
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 100 employees. The SBA loan documents indicated that the loan would help retain 100 existing jobs.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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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