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December 20, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Monroe, Business Loans > North Louisiana Bidco, LLC Monroe Business Loans > Eating Places Loan | ||||
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SBA Lender Monroe
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Monroe, Louisiana Bank Lends Money to Eating Places Company in Baton Rouge, LouisianaWant to talk with a Monroe, Louisiana bank about a business loan? Here's one Louisiana business loan, issued by a Monroe bank, that was approved by the SBA. Applying for an SBA loan with North Louisiana Bidco, LLC worked out well for our friends at one local business in Baton Rouge, Louisiana. They got an SBA loan for $515,000. Awesome! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender NORTH LOUISIANA BIDCO, LLC The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 3/26/2002 Loan Approval Gross Amount $515,000 Loan Approval from the SBA Of the total $515,000 loan amount, the SBA guaranteed $386,250. 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 8 employees. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like North Louisiana Bidco, LLC 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: Raising VC Money for Social Networking Companies Where to Get an SBA Loan in Monroe, Louisiana Getting a Business Loan in Louisiana
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