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December 20, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Houma, Business Loans > Synergy Bank Houma Business Loans > General Automotive Repair Loan | ||||
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SBA 7A Banks for Houma, Louisiana Small Business Owners
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Loans for General Automotive RepairLooking for loans for general automotive repair? Try the SBA. This $74,000 general automotive repair loan was issued by a Louisiana bank. This company knew how to go about getting a business bank loan. Based in Houma, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Synergy Bank, based in Houma, Louisiana. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender SYNERGY BANK This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA 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. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 6/29/2001 Loan Approval Gross Amount $74,000 Loan Approval from the SBA Of the total $74,000 loan amount, the SBA guaranteed $62,900. 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 2 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Houma or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: The Friends and Family Network Find an SBA Lender in Houma, Louisiana
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