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December 19, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Rayne, Business Loans > Rayne St. Bank & Trust Rayne Business Loans > Labat Automotive Inc Loan | ||||
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Lafayette, Louisiana Bank Loan
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Loan to Buy Cottman Transmission Franchise Issued By Rayne St. Bank & TrustBorrowing money to purchase a Cottman Transmission franchise? Rayne St. Bank & Trust has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Lafayette, Louisiana needed money to invest in a Cottman Transmission franchise back in 2004. Rayne St. Bank & Trust issued an SBA franchise loan. Here are the details on this Louisiana small business loan. SBA Loan Borrower LABAT AUTOMOTIVE INC SBA Loan Lender RAYNE ST. BANK & TRUST 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 811111 - General Automotive Repair Loan Approval Date 4/16/2004 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $25,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cottman Transmission franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours 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: Small Bank Loans in Rayne, Louisiana Where to Get an SBA Loan Louisiana
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