Metairie, Louisiana Lender Lends Money to Eating Places Company
Want to talk with a Metairie, Louisiana bank about an SBA loan? Here's one Louisiana business loan, issued by a Metairie bank, that was approved by the SBA.
Applying for an SBA loan with Omni Bank worked out well for our friends at one local business in Madisonville, Louisiana. They received an SBA loan for $75,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
MADISONVILLE, LA 70447
SBA Loan Lender
OMNI BANK
2900 RIDGELAKE DR
METAIRIE, LA 70002
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
SIC Code
5812 - Eating Places
Loan Approval Date
8/10/2000
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $37,500.
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 9 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 9 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
We can help you find the best banks for small businesses in Madisonville 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:
Borrowing Money from Friends and Family
SBA 7A Lenders in Metairie, Louisiana
Louisiana SBA Banks