SBA Loan from Gulf Coast Bank & Trust Helps Radio, Tv, And Consumer Electronics Retailing Company

An SBA loan from Gulf Coast Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mamaroneck, New York business owner got a $150,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Mamaroneck, New York, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Gulf Coast Bank & Trust, based in Metairie, Louisiana.

SBA Loan Borrower

COMPANY TYPE: RADIO, TV, AND CONSUMER ELECTRONICS RETAILING
MAMARONECK, NY 10543

SBA Loan Lender

GULF COAST BANK & TRUST
1825 VETERANS MEMORIAL BLVD
METAIRIE, LA 70005

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

5731 - Radio, TV, and Consumer Electronics Retailing

NAICS Code

443112 - Radio, Television, and Electronics Stores

Loan Approval Date

6/28/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

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 application for the borrower indicated that the loan would help create 8 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Gulf Coast Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

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Where to Get an SBA Loan in Metairie, Louisiana

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