North Louisiana Bidco, LLC SBA Loan to Hardware Manufacturing Company

North Louisiana Bidco, LLC has a track record as a leading provider of SBA loans. Find out how this Louisiana entrepreneur received an SBA loan from them.

This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with North Louisiana Bidco, LLC, out of Monroe, Louisiana. The loan was granted and they received $250,000 to help grow their Choudrant, Louisiana business.

SBA Loan Borrower

COMPANY TYPE: HARDWARE MANUFACTURING
Choudrant, LA 71227

SBA Loan Lender

NORTH LOUISIANA BIDCO, LLC
301 HUDSON LANE,
MONROE, LA 71201

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332510 - Hardware Manufacturing

Loan Approval Date

2/8/2006

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 only one employee. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like North Louisiana Bidco, LLC and they will explain how you can get an SBA loan for your company.

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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