Louisiana Entrepreneur Secures Financing to Buy Budget Blinds Franchise

Borrowing money to invest in a Budget Blinds franchise? Parish National Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Franklinton, Louisiana and are interested in buying a Budget Blinds franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Parish National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BUDGET BLINDS OF SLIDELL
FRANKLINTON, LA 70438

SBA Loan Lender

PARISH NATIONAL BANK
600 COLUMBIA ST
BOGALUSA, LA 70427

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

337920 - Blind and Shade Manufacturing

Loan Approval Date

8/24/2005

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Budget Blinds franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Parish National Bank and they will explain how you can get an SBA loan for your company.

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:

Budget Blinds

Obtaining Funding - Getting Venture Capital

SBA Participating Banks in Bogalusa, Louisiana

Louisiana SBA 7A Banks