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December 19, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Lafayette, Business Loans > Home Bank Lafayette Business Loans > Industrial And Personal Service Paper Wholesalers Loan | ||||
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Small Business Banks That Lend to Lafayette Businesses
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Lafayette, Louisiana Entrepreneur Gets a Small Business LoanLouisianaBank loans are available to Louisiana firms through the SBA. In this case, a Louisiana bank provides the loan. You can learn something about getting a small business loan in Lafayette, Louisiana by studying this loan to a local company, made back in 2002. Banks like Home Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL AND PERSONAL SERVICE PAPER WHOLESALERS SBA Loan Lender HOME BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 422130 - Industrial and Personal Service Paper Wholesalers Loan Approval Date 7/12/2002 Loan Approval Gross Amount $1,271,000 Loan Approval from the SBA Of the total $1,271,000 loan amount, the SBA guaranteed $953,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 30 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 30 existing jobs. 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. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: A Company That Helps Entrepreneurs Who Lends Money to Small Businesses in Lafayette, Louisiana
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