Loan Census Banking News and Information
November 23, 2024  
 
 
  Business Loan Information  
 

We Needed an SBA Loan in Baton Rouge, Louisiana and We Got One!

 

 
Loan Census SBA Loan Info

Sign Manufacturing Commercial Loans

Looking for commercial loans for sign manufacturing? An SBA loan may be just what you've been looking for. This $75,000 sign manufacturing loan was issued by a Mississippi bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Hancock Bank, out of Gulfport, Mississippi. The loan was granted and they received $75,000 to help grow their Baton Rouge, Louisiana business.

SBA Loan Borrower

COMPANY TYPE: SIGN MANUFACTURING
BATON ROUGE, LA 70806

SBA Loan Lender

HANCOCK BANK
2510 14TH ST
GULFPORT, MS 39501

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

339950 - Sign Manufacturing

Loan Approval Date

9/3/2004

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs.

Next Steps for Getting an SBA Loan

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.

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.

Related Links:

How Equity Dilution Works

Who Lends Money to Small Businesses in Gulfport, Mississippi

SBA Lenders in Mississippi