Gibsland, Louisiana Lender Lends Money to Child Day Care Services Company

Want to talk with a Gibsland, Louisiana bank about a business loan? Here's one Louisiana business loan, issued by a Gibsland bank, that was approved by the SBA.

Applying for an SBA loan with Gibsland Bank & Trust Company worked out well for our friends at one local company in Minden, Louisiana. The business was able to get an SBA loan for $78,800. Sweet!

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
MINDEN, LA 71055

SBA Loan Lender

GIBSLAND BANK & TRUST COMPANY
1246 S 3RD ST
GIBSLAND, LA 71028

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

4/30/2003

Loan Approval Gross Amount

$78,800

Loan Approval from the SBA

Of the total $78,800 loan amount, the SBA guaranteed $66,980.

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 only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

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

If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $78,800 loan. Remember, feel the fear, and do it anyway.

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:

SBIR Funding

SBA 7A Banks for Gibsland, Louisiana Loans

Getting an SBA Loan in Louisiana