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December 20, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Monroe, Business Loans > North Louisiana Bidco, LLC Monroe Business Loans > Radio, Television, And Electronics Stores Loan | ||||
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SBA Loans from North Louisiana Bidco, LLC
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North Louisiana Bidco, LLC SBA Loan to Radio, Television, And Electronics Stores CompanyAn SBA loan from North Louisiana Bidco, LLC typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Monroe, Louisiana business owner got a $200,000 loan. Getting a small business loan in Monroe, Louisiana was an essential business goal for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from North Louisiana Bidco, LLC, operating out of Monroe, Louisiana. Here are the details on this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: RADIO, TELEVISION, AND ELECTRONICS STORES SBA Loan Lender NORTH LOUISIANA BIDCO, LLC This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 443112 - Radio, Television, and Electronics Stores Loan Approval Date 7/25/2003 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. 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 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into North Louisiana Bidco, LLC and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA 7A Lenders in Monroe, Louisiana
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