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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Many, Business Loans > City Bank And Trust Company Many Business Loans > Sporting And Recreational Camps Loan | ||||
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Banks in Many, Louisiana That Make SBA Loans
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Entrepreneur Works With Many, Louisiana Bank to Get an SBA LoanFind Many, Louisiana banks that specialize in SBA loans and know how to work with entrepreneurs. City Bank And Trust Company is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Hemphill, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from City Bank And Trust Company. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: SPORTING AND RECREATIONAL CAMPS SBA Loan Lender CITY BANK AND TRUST COMPANY This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7032 - Sporting and Recreational Camps NAICS Code 721214 - Recreational and Vacation Camps Loan Approval Date 5/16/2002 Loan Approval Gross Amount $800,000 Loan Approval from the SBA Of the total $800,000 loan amount, the SBA guaranteed $600,000. 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 application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. City Bank And Trust Company had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, City Bank And Trust Company 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: Obtaining Funding - How to Borrow Money Small Bank Loans in Many, Louisiana
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