 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Abbeville, Business Loans > Gulf Coast Bank Abbeville Business Loans > Used Car Dealers Loan | ||||
 |
||||
Duson, Louisiana Bank Loan
|
||||
 |
Small Business Loans for Used Car DealersWith these small business loans for used car dealers, the SBA guarantees the lender that the loan will be repaid. This used car dealers loan for $150,000 was given to a Louisiana entrepreneur in 2005. This company knew how to go about getting a business bank loan. Based in Duson, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Gulf Coast Bank, based in Abbeville, Louisiana. SBA Loan Borrower COMPANY TYPE: USED CAR DEALERS SBA Loan Lender GULF COAST BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441120 - Used Car Dealers Loan Approval Date 5/19/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 6 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Advice on Getting a Small Business Loan Good Banks for Small Business in Abbeville, Louisiana
|
|
||
|
||||
|
|
||||