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November 21, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > New Orleans, Business Loans > United Bank And Trust Company New Orleans Business Loans > Transportation Services Loan | ||||
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New Orleans Lenders
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New Orleans, Louisiana Bank Gives SBA Loan to Transportation Services CompanyThinking about meeting with a New Orleans, Louisiana bank about a small business loan? Here's one Louisiana business loan, issued by a New Orleans bank, that was approved by the SBA. Applying for an SBA loan with United Bank And Trust Company worked out well for our friends at one local firm in Laplace, Louisiana. They got an SBA loan for $150,000. Sweet! SBA Loan Borrower COMPANY TYPE: TRANSPORTATION SERVICES SBA Loan Lender UNITED BANK AND TRUST COMPANY 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. SIC Code 4789 - Transportation Services Loan Approval Date 8/30/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like United Bank And Trust Company and they will explain how you can get an SBA loan for your company. 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: Banks in New Orleans, Louisiana SBA Participating Banks in Louisiana
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