Borrowing Money for Specialty Trade Contractors

Looking for small business loans for specialty trade contractors? The SBA may be the answer. This $457,600 specialty trade contractors loan was issued by a Tennessee bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Eunice, Louisiana was able to borrow $457,600 from Community So. Bank D.B.A Commun. The SBA made the loan possible by guaranteeing $343,200 of this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY TRADE CONTRACTORS
Eunice, LA 70535

SBA Loan Lender

COMMUNITY SO. BANK D.B.A COMMUN
51 W MAIN ST
PARSONS, TN 38363

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238990 - Specialty Trade Contractors

Loan Approval Date

3/2/2007

Loan Approval Gross Amount

$457,600

Loan Approval from the SBA

Of the total $457,600 loan amount, the SBA guaranteed $343,200.

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 63 employees. The SBA loan application for the borrower indicated that the loan would help retain 63 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Eunice LA, you ought to talk with a local Eunice SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Eunice businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $457,600 loan. Remember, feel the fear, and do it anyway.

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:

Obtaining Funding - How to Borrow Money

Best Banks for Small Business in Parsons, Tennessee

Where to Get an SBA Loan Tennessee