Baton Rouge, Louisiana Entrepreneur Gets a Small Business Loan
Want a Louisiana SBA loan? This Louisiana entrepreneur got an SBA loan, provided by a Mississippi bank that works with the SBA to help small business owners.
Getting a small business loan in Baton Rouge, Louisiana was a top priority for this particular business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Hancock Bank. Here are the details on this Louisiana small business loan.
SBA Loan Borrower
COMPANY TYPE: JEWELRY STORES
BATON ROUGE, LA 70810
SBA Loan Lender
HANCOCK BANK
2510 14TH ST
GULFPORT, MS 39501
The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
448310 - Jewelry Stores
Loan Approval Date
10/9/2003
Loan Approval Gross Amount
$52,000
Loan Approval from the SBA
Of the total $52,000 loan amount, the SBA guaranteed $26,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 3 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Hancock Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Business Line of Credit
SBA Banks in Gulfport, Mississippi
Getting an SBA Loan in Mississippi