Where to Get Capital for Tobacco Stores

Looking for small business loans for tobacco stores? Talk to a banker who works with the SBA. This $25,000 tobacco stores loan was issued by a Louisiana bank.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Midsouth Bank, out of Lake Charles, Louisiana. The loan was granted and they received $25,000 to help grow their Lake Charles, Louisiana business.

SBA Loan Borrower

COMPANY TYPE: TOBACCO STORES
LAKE CHARLES, LA 70601

SBA Loan Lender

MIDSOUTH BANK
4251 NELSON RD
LAKE CHARLES, LA 70605

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453991 - Tobacco Stores

Loan Approval Date

2/4/2003

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

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 2 employees. The loan application did not indicate that the business planned to use the money to add 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 need money to grow a business, an SBA loan can be a great source of funding.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Business Line of Credit

SBA Approved Banks in Lake Charles, Louisiana

SBA Louisiana Lenders