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November 25, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > West Monroe, Business Loans > Community Trust Bank West Monroe Business Loans > Tobacco Stores Loan | ||||
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Small Business Loans from Community Trust Bank
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SBA Loan from Community Trust Bank Helps Tobacco Stores CompanyCommunity Trust Bank has a track record as a leading provider of SBA loans. Find out how this Louisiana entrepreneur received an SBA loan from them. Getting a small business loan in Calhoun, Louisiana was an essential business goal for this firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Community Trust Bank, operating out of West Monroe, Louisiana. Here are the details on this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: TOBACCO STORES SBA Loan Lender COMMUNITY TRUST BANK 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 453991 - Tobacco Stores Loan Approval Date 2/27/2002 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Community Trust 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: SBA 7A Banks in West Monroe, Louisiana
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