Louisiana Entrepreneur Secures Financing to Buy Taylor Rental Center Franchise

Need money to buy a Taylor Rental Center franchise? Progressive Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Bossier City, Louisiana and are interested in buying a Taylor Rental Center franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Progressive Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BOSSIER TAYLOR RENTAL
BOSSIER CITY, LA 71111

SBA Loan Lender

PROGRESSIVE BANK
301 FAIR AVE
WINNSBORO, LA 71295

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532299 - Consumer Goods Rental

Loan Approval Date

3/30/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Taylor Rental Center franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source

We can help you find the best banks for small businesses in Bossier City or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Taylor Rental/Party Central

Obtaining Funding - How to Borrow Money

Where to Get an SBA Loan in Winnsboro, Louisiana

SBA Lenders in Louisiana