Financing for Marketing Consulting Services

With these loans for marketing consulting services, the SBA guarantees the lender that the loan will be repaid. This marketing consulting services loan for $150,000 was given to a Louisiana entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in Lake Charles, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Jeff Davis Bank & Trust, based in Lake Charles, Louisiana.

SBA Loan Borrower

COMPANY TYPE: ADVERTISING AGENCIES
LAKE CHARLES, LA 70605

SBA Loan Lender

JEFF DAVIS BANK & TRUST
535 KIRBY ST
LAKE CHARLES, LA 70602

This lender issued this particular SBA 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.

SIC Code

7311 - Advertising Agencies

NAICS Code

541613 - Marketing Consulting Services

Loan Approval Date

2/14/2001

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. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

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.

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