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November 15, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Alexandria, Business Loans > Red River Bank Alexandria Business Loans > Septic Tank And Related Services Loan | ||||
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Red River Bank Deville
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SBA Loan from Red River Bank Helps Septic Tank And Related Services CompanyAn SBA loan from Red River Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Deville, Louisiana business owner got a $125,000 loan. Getting a small business loan in Deville, Louisiana was an essential business goal for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Red River Bank, operating out of Alexandria, Louisiana. Here are the details on this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: SEPTIC TANK AND RELATED SERVICES SBA Loan Lender RED RIVER BANK This lender issued this particular bank loan 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. NAICS Code 562991 - Septic Tank and Related Services Loan Approval Date 9/30/2002 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. 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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Where to Get an SBA Loan in Alexandria, Louisiana Find an SBA Lender in Louisiana
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