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November 15, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Kenner, Business Loans > First Bank And Trust Kenner Business Loans > Linen Supply Loan | ||||
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Louisiana Small Business Funding
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Small Business Loans for Linen SupplyWith these small business loans for linen supply, the SBA guarantees the lender that the loan will be repaid. This linen supply loan for $120,000 was given to a Louisiana entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gretna, Louisiana was able to borrow $120,000 from First Bank And Trust. The SBA made the loan possible by guaranteeing $102,000 of this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: LINEN SUPPLY SBA Loan Lender FIRST BANK AND TRUST This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812331 - Linen Supply Loan Approval Date 9/4/2002 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 5 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Determining Proper Capital Structure for a Business SBA Participating Banks in Kenner, Louisiana Find an SBA Lender in Louisiana
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