Mandeville, Louisiana Bank Gives SBA Loan to Retail Stores Company

Want to talk with a Mandeville, Louisiana bank about an SBA loan? Here's one Louisiana business loan, issued by a Mandeville bank, that was approved by the SBA.

Applying for an SBA loan with Resource Bank worked out well for our friends at one local company in Covington, Louisiana. They received an SBA loan for $32,000. Nice!

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
COVINGTON, LA 70433

SBA Loan Lender

RESOURCE BANK
2190 N CAUSEWAY BLVD
MANDEVILLE, LA 70471

This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

Loan Approval Date

6/2/2000

Loan Approval Gross Amount

$32,000

Loan Approval from the SBA

Of the total $32,000 loan amount, the SBA guaranteed $25,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Covington LA, you ought to talk with a local Covington SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Covington businesses.

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.

Related Links:

Raising VC Money for Social Networking Companies

Banks in Mandeville, Louisiana

Getting a Business Loan in Louisiana