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December 22, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Baton Rouge, Business Loans > Source Business & Indust Devel Cor Baton Rouge Business Loans > Furniture Stores Loan | ||||
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Source Business & Indust Devel Cor
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Source Business & Indust Devel Cor SBA Loan to Furniture Stores CompanyAn SBA loan from Source Business & Indust Devel Cor typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Metairie, Louisiana business owner got a $333,300 loan. This growing company knew how to go about getting a business bank loan. Based in Metairie, Louisiana, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Source Business & Indust Devel Cor, based in Baton Rouge, Louisiana. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender SOURCE BUSINESS & INDUST DEVEL COR Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 10/11/2001 Loan Approval Gross Amount $333,300 Loan Approval from the SBA Of the total $333,300 loan amount, the SBA guaranteed $249,975. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 11 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 11 existing jobs. 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: The Friends and Family Network Who Lends Money to Small Businesses in Baton Rouge, Louisiana
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