Louisiana Business Loan Issued to Cotton Ginning Company

Looking to get a Louisiana small business loan? This Louisiana entrepreneur got a small business loan, provided by a Louisiana bank that works with the SBA to help small business owners.

Getting a small business loan in Ferriday, Louisiana was a top priority for this small company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Delta Bank. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: COTTON GINNING
FERRIDAY, LA 71334

SBA Loan Lender

DELTA BANK
302 LOUISIANA AVE
FERRIDAY, LA 71334

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

115111 - Cotton Ginning

Loan Approval Date

8/6/2001

Loan Approval Gross Amount

$65,800

Loan Approval from the SBA

Of the total $65,800 loan amount, the SBA guaranteed $55,930.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My 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.

This SBA loan was for $65,800. How would you spend $65,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Angel Investors

SBA 7A Lenders in Ferriday, Louisiana

Louisiana SBA 7A Banks