Minden, Louisiana Business Gets SBA-Guaranteed Funding from Citizens Bank & Trust Company
Citizens Bank & Trust Company has a track record as a leading provider of SBA loans. Find out how this Louisiana entrepreneur received an SBA loan from them.
This business knew how to go about getting a business bank loan. Based in Minden, Louisiana, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Citizens Bank & Trust Company, based in Springhill, Louisiana.
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
MINDEN, LA 71055
SBA Loan Lender
CITIZENS BANK & TRUST COMPANY
106 S MAIN ST
SPRINGHILL, LA 71075
This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
11/22/2004
Loan Approval Gross Amount
$17,500
Loan Approval from the SBA
Of the total $17,500 loan amount, the SBA guaranteed $8,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 8 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 8 existing jobs.
Next Steps for Getting an SBA Loan
If you need money to start business in Minden LA, you ought to talk with a local Minden SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Minden businesses.
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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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