Lake Charles, Louisiana Bank Gives SBA Loan to Gift, Novelty, And Souvenir Stores Company

Thinking about meeting with a Lake Charles, Louisiana bank about a business loan? Here's one Louisiana business loan, issued by a Lake Charles bank, that was approved by the SBA.

Applying for an SBA loan with Jeff Davis Bank & Trust worked out well for our friends at one local firm in Lake Charles, Louisiana. The business was able to get an SBA loan for $75,900. Nice!

SBA Loan Borrower

COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR STORES
LAKE CHARLES, LA 70605

SBA Loan Lender

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

This lender issued this particular business 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

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

11/8/2001

Loan Approval Gross Amount

$75,900

Loan Approval from the SBA

Of the total $75,900 loan amount, the SBA guaranteed $64,515.

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 5 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

We can help you find the best banks for small businesses in Lake Charles or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

SBIR Funding

SBA 7A Lenders in Lake Charles, Louisiana

Louisiana SBA Bank Lenders