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November 15, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Many, Business Loans > The Peoples State Bank Many Business Loans > Sawmills Loan | ||||
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I Need a Business Loan in Many, Louisiana
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Where to Get Capital for SawmillsLooking for SBA loans for sawmills? An SBA loan may be just what you've been looking for. This $244,215 sawmills loan was issued by a Louisiana bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Many, Louisiana was able to borrow $244,215 from The Peoples State Bank. The SBA made the loan possible by guaranteeing $183,161 of this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: SAWMILLS SBA Loan Lender THE PEOPLES STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 321113 - Sawmills Loan Approval Date 6/21/2007 Loan Approval Gross Amount $244,215 Loan Approval from the SBA Of the total $244,215 loan amount, the SBA guaranteed $183,161. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from The Peoples State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Small Bank Loans in Many, Louisiana SBA Participating Banks in Louisiana
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