Commercial Loans for Meat and Meat Product Wholesalers

With these commercial loans for meat and meat product wholesalers, the SBA guarantees the lender that the loan will be repaid. This meat and meat product wholesalers loan for $50,000 was given to a Louisiana entrepreneur in 2003.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with South Louisiana Bank, out of Houma, Louisiana. The loan was granted and they received $50,000 to help grow their Houma, Louisiana business.

SBA Loan Borrower

COMPANY TYPE: MEAT AND MEAT PRODUCT WHOLESALERS
HOUMA, LA 70363

SBA Loan Lender

SOUTH LOUISIANA BANK
1308 GRAND CAILLOU RD
HOUMA, LA 70363

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422470 - Meat and Meat Product Wholesalers

Loan Approval Date

2/19/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Houma LA, you ought to talk with a local Houma SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Houma businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into South Louisiana Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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