SBA Loan from Parish National Bank Helps Wineries Company

Parish National Bank has a track record as a leading provider of SBA loans. Find out how this Louisiana entrepreneur received an SBA loan from them.

This growing company knew how to go about getting a business bank loan. Based in Mandeville, Louisiana, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Parish National Bank, based in Bogalusa, Louisiana.

SBA Loan Borrower

COMPANY TYPE: WINERIES
MANDEVILLE, LA 70471

SBA Loan Lender

PARISH NATIONAL BANK
600 COLUMBIA ST
BOGALUSA, LA 70427

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

312130 - Wineries

Loan Approval Date

3/10/2005

Loan Approval Gross Amount

$112,900

Loan Approval from the SBA

Of the total $112,900 loan amount, the SBA guaranteed $95,965.

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. This SBA loan request did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are raising money in Mandeville LA, you ought to talk with a local Mandeville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mandeville businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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.

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