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December 23, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Machine Shops Loan | ||||
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How to Get SBA Loans in Frierson, Louisiana
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Machine Shops Small Business LoansWith these small business loans for machine shops, the SBA guarantees the lender that the loan will be repaid. This machine shops loan for $855,000 was given to a Louisiana entrepreneur in 2001. This company knew how to go about getting a business bank loan. Based in Frierson, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Business Loan Center, LLC, based in Richmond, Virginia. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender BUSINESS LOAN CENTER, LLC This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332710 - Machine Shops Loan Approval Date 12/13/2001 Loan Approval Gross Amount $855,000 Loan Approval from the SBA Of the total $855,000 loan amount, the SBA guaranteed $641,250. 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 19 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 19 existing jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Business Loan Center, LLC so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Role of Business Plan When Raising Money Who Lends Money to Small Businesses in Richmond, Virginia Getting a Business Loan in Virginia
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