Louisiana SBA Loan Issued to Specialty Outpatient Facilities Company

LouisianaBank loans are available to Louisiana firms through the SBA. In this case, a Louisiana bank provides the loan.

Getting a small business loan in Monroe, Louisiana was a top priority for this loan applicant back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Ouachita Independent Bank. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY OUTPATIENT FACILITIES
MONROE, LA 71201

SBA Loan Lender

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

This SBA business 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.

SIC Code

8093 - Specialty Outpatient Facilities

NAICS Code

621498 - Outpatient Care Centers

Loan Approval Date

9/5/2002

Loan Approval Gross Amount

$112,500

Loan Approval from the SBA

Of the total $112,500 loan amount, the SBA guaranteed $95,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 10 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Ouachita Independent Bank and they will explain how you can get an SBA loan for your company.

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 Art of Bootstrapping

SBA 7A Lenders in West Monroe, Louisiana

Getting an SBA Loan in Louisiana