Lafayette, Louisiana Bank Gives SBA Loan to Support Activities For Oil And Gas Operations Company

Get SBA loans from a Lafayette, Louisiana bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Rayne St. Bank & Trust is a Lafayette, Louisiana small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Louisiana company.

SBA Loan Borrower

COMPANY TYPE: SUPPORT ACTIVITIES FOR OIL AND GAS OPERATIONS
LAFAYETTE, LA 70503

SBA Loan Lender

RAYNE ST. BANK & TRUST
410 KALISTE SALOOM RD
LAFAYETTE, LA 70508

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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.

NAICS Code

213112 - Support Activities for Oil and Gas Operations

Loan Approval Date

4/5/2006

Loan Approval Gross Amount

$205,000

Loan Approval from the SBA

Of the total $205,000 loan amount, the SBA guaranteed $153,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 48 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Rayne St. Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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