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November 15, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Abbeville, Business Loans > Gulf Coast Bank Abbeville Business Loans > Beauty Salons Loan | ||||
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LA Business Loan from Gulf Coast Bank
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Business Loan from Gulf Coast Bank Given to Beauty Salons CompanyAn SBA loan from Gulf Coast Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Kaplan, Louisiana business owner got a $150,000 loan. This small firm knew how to go about getting a business bank loan. Based in Kaplan, Louisiana, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Gulf Coast Bank, based in Abbeville, Louisiana. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender GULF COAST BANK This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 8/5/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 23 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Banks in Abbeville, Louisiana
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