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December 19, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > New Orleans, Business Loans > Bizcapital Bidco II, LLC New Orleans Business Loans > Membership Sports And Recreation Clubs Loan | ||||
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Louisiana Bank SBA Loans
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Bizcapital Bidco II, LLC SBA Loan to Membership Sports And Recreation Clubs CompanyLooking to get a Louisiana SBA loan? Here's one Louisiana business loan that was approved by the SBA. This growing firm needed an SBA business loan in Covington, Louisiana back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Bizcapital Bidco II, LLC, operating out of New Orleans, Louisiana. Here are the details on this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: MEMBERSHIP SPORTS AND RECREATION CLUBS SBA Loan Lender BIZCAPITAL BIDCO II, LLC This debt financing was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA promises a rapid loan approval or denial response. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7997 - Membership Sports and Recreation Clubs Loan Approval Date 8/7/2000 Loan Approval Gross Amount $249,000 Loan Approval from the SBA Of the total $249,000 loan amount, the SBA guaranteed $186,750. 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 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $249,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Obtaining Funding - How to Borrow Money Who Lends Money to Small Businesses in New Orleans, Louisiana
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