Metairie, Louisiana Bank Gives SBA Loan to Sports And Recreation Instruction Company

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

Applying for an SBA loan with Gulf Coast Bank & Trust worked out well for our friends at one local company in Moss Point, Mississippi. The business was able to get an SBA loan for $550,000. Nice!

SBA Loan Borrower

COMPANY TYPE: SPORTS AND RECREATION INSTRUCTION
MOSS POINT, MS 39563

SBA Loan Lender

GULF COAST BANK & TRUST
1825 VETERANS MEMORIAL BLVD
METAIRIE, LA 70005

This commercial 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

611620 - Sports and Recreation Instruction

Loan Approval Date

8/5/2005

Loan Approval Gross Amount

$550,000

Loan Approval from the SBA

Of the total $550,000 loan amount, the SBA guaranteed $412,500.

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 27 employees. The loan application did not indicate that the SBA funding recipient planned 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 loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Gulf Coast Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Gulf Coast Bank & Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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