First Bank And Trust SBA Loan to Shellfish Company

An SBA loan from First Bank And Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a D'Iberville, Mississippi business owner got a $290,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with First Bank And Trust, out of New Orleans, Louisiana. The loan was granted and they received $290,000 to help grow their D'Iberville, Mississippi business.

SBA Loan Borrower

COMPANY TYPE: SHELLFISH
D'IBERVILLE, MS 39532

SBA Loan Lender

FIRST BANK AND TRUST
4100 GENERAL DE GAULLE DR, ST
NEW ORLEANS, LA 70131

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0913 - Shellfish

NAICS Code

114112 - Shellfish Fishing

Loan Approval Date

1/25/2000

Loan Approval Gross Amount

$290,000

Loan Approval from the SBA

Of the total $290,000 loan amount, the SBA guaranteed $217,500.

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 4 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new 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.

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