Bank Loans for Ship Building and Repairing

With these bank loans for ship building and repairing, the SBA guarantees the lender that the loan will be repaid. This ship building and repairing loan for $283,500 was given to a Louisiana entrepreneur in 2005.

Getting a small business loan in Berwick, Louisiana was important for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Midsouth Bank, operating out of Morgan City, Louisiana. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: SHIPBUILDING AND SHIP REPAIRING
BERWICK, LA 70342

SBA Loan Lender

MIDSOUTH BANK
1015 BRASHEAR AVE
MORGAN CITY, LA 70380

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3731 - Shipbuilding and Ship Repairing

NAICS Code

336611 - Ship Building and Repairing

Loan Approval Date

8/31/2005

Loan Approval Gross Amount

$283,500

Loan Approval from the SBA

Of the total $283,500 loan amount, the SBA guaranteed $255,150.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 11 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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SBA 7A Lenders in Morgan City, Louisiana

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