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December 22, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > New Orleans, Business Loans > Whitney National Bank New Orleans Business Loans > Display Advertising Loan | ||||
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Harahan, Louisiana Bank for SBA Loans
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Louisiana Small Business Loan Issued to Display Advertising CompanyLouisianaBank loans are available to Louisiana firms through the SBA. In this case, a Louisiana bank provides the loan. This company, based in Harahan, Louisiana, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Whitney National Bank. We've got the inside scoop on this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: DISPLAY ADVERTISING SBA Loan Lender WHITNEY NATIONAL BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541850 - Display Advertising Loan Approval Date 3/15/2002 Loan Approval Gross Amount $331,500 Loan Approval from the SBA Of the total $331,500 loan amount, the SBA guaranteed $248,625. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are working on finding money to start a business in Harahan LA, you ought to talk with a local Harahan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Harahan businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Whitney National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Whitney National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: How Much Venture Capital Is There? SBA Approved Banks in New Orleans, Louisiana
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