SBA Loan from Rayne St. Bank & Trust Helps Pharmacies And Drug Stores Company

Rayne St. Bank & Trust is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Louisiana entrepreneur who tapped into the power of SBA loans.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Church Point, Louisiana was able to borrow $586,512 from Rayne St. Bank & Trust. The SBA made the loan possible by guaranteeing $439,884 of this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: PHARMACIES AND DRUG STORES
CHURCH POINT, LA 70525

SBA Loan Lender

RAYNE ST. BANK & TRUST
410 KALISTE SALOOM RD
LAFAYETTE, LA 70508

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

12/21/2005

Loan Approval Gross Amount

$586,512

Loan Approval from the SBA

Of the total $586,512 loan amount, the SBA guaranteed $439,884.

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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

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.

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