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November 15, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Eunice, Business Loans > Tri-Parish Bank Eunice Business Loans > Vcr Express Loan | ||||
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Eunice, Louisiana Bank Loan
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Loan to Buy Radio Shack Franchise Issued By Tri-Parish BankNeed money to invest in a Radio Shack franchise? Tri-Parish Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Radio Shack franchise? If so, here's a 2000 SBA franchise loan that you should know about. Tri-Parish Bank was the lender and the entrepreneur was based in Eunice, Louisiana. SBA Loan Borrower VCR EXPRESS SBA Loan Lender TRI-PARISH 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. SIC Code 5731 - Radio, TV, and Consumer Electronics Retailing Loan Approval Date 8/28/2000 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $48,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Radio Shack franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business 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. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Who Lends Money to Small Businesses in Eunice, Louisiana Getting an SBA Loan in Louisiana
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