Get an SBA Loan for Insurance Agencies and Brokerages

Looking for small business loans for insurance agencies and brokerages? Talk to a banker who works with the SBA. This $936,839 insurance agencies and brokerages loan was issued by a Louisiana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Monroe, Louisiana was able to borrow $936,839 from Ouachita Independent Bank. The SBA made the loan possible by guaranteeing $702,629 of this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES
MONROE, LA 71201

SBA Loan Lender

OUACHITA INDEPENDENT BANK
2002 N 7TH ST
WEST MONROE, LA 71291

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

524210 - Insurance Agencies and Brokerages

Loan Approval Date

6/6/2006

Loan Approval Gross Amount

$936,839

Loan Approval from the SBA

Of the total $936,839 loan amount, the SBA guaranteed $702,629.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start business in Monroe LA, you ought to talk with a local Monroe SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Monroe businesses.

We can help you find the best banks for small businesses in Monroe or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

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SBA 7A Lenders in West Monroe, Louisiana

Louisiana SBA Banks