Lafayette, Louisiana Entrepreneur Gets an SBA Loan

Small business loans in Louisiana are are few and far betweeen these days. We take a look at one Louisiana small business loan, provided by a Texas bank, that was approved by the SBA.

Getting a small business loan in Lafayette, Louisiana was a top priority for this small company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Small Business Loan Source LLC. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: SHELLFISH
LAFAYETTE, LA 70506

SBA Loan Lender

SMALL BUSINESS LOAN SOURCE LLC
9801 WESTHEIMER RD #1100
HOUSTON, TX 77056

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0913 - Shellfish

NAICS Code

114112 - Shellfish Fishing

Loan Approval Date

1/8/2002

Loan Approval Gross Amount

$690,000

Loan Approval from the SBA

Of the total $690,000 loan amount, the SBA guaranteed $517,500.

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 3 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are working on finding money to start a business in Lafayette LA, you ought to talk with a local Lafayette SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lafayette businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $690,000 loan. Remember, anyone can do it... so why not you?

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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