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December 20, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Saint Martinville, Business Loans > St. Martin Bank & Trust Saint Martinville Business Loans > Fitness And Recreational Sports Centers Loan | ||||
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SBA Lenders Louisiana
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Entrepreneur Works With Saint Martinville, Louisiana Bank to Get an SBA LoanWant to talk with a Saint Martinville, Louisiana bank about an SBA loan? Here's one Louisiana business loan, issued by a Saint Martinville bank, that was approved by the SBA. Applying for an SBA loan with St. Martin Bank & Trust worked out well for our friends at one local firm in Broussard, Louisiana. The business was able to get an SBA loan for $67,000. Nice! SBA Loan Borrower COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS SBA Loan Lender ST. MARTIN BANK & TRUST This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 4/4/2005 Loan Approval Gross Amount $67,000 Loan Approval from the SBA Of the total $67,000 loan amount, the SBA guaranteed $50,250. 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 only one employee. The loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into St. Martin Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA Participating Banks in Saint Martinville, Louisiana
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