Baton Rouge, Louisiana Bank Lends Money to Convenience Stores Company in Gonzales, Louisiana

Thinking about meeting with a Baton Rouge, Louisiana bank about an SBA loan? Here's one Louisiana business loan, issued by a Baton Rouge bank, that was approved by the SBA.

Applying for an SBA loan with Source Business & Indust Devel Cor worked out well for our friends at one local business in Gonzales, Louisiana. They received an SBA loan for $85,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
GONZALES, LA 70737

SBA Loan Lender

SOURCE BUSINESS & INDUST DEVEL COR
9400 OLD HAMMOND HIGHWAY,
BATON ROUGE, LA 70809

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

12/9/2003

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Source Business & Indust Devel Cor are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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.

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Louisiana SBA Banks