Mobile Food Services Bank Loans

Looking for bank loans for mobile food services? Talk to a banker who works with the SBA. This $12,700 mobile food services loan was issued by a Louisiana bank.

This small firm knew how to go about getting a business bank loan. Based in Natchitoches, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was City Bank And Trust Company, based in Natchitoches, Louisiana.

SBA Loan Borrower

COMPANY TYPE: MOBILE FOOD SERVICES
NATCHITOCHES, LA 71457

SBA Loan Lender

CITY BANK AND TRUST COMPANY
146 RUE ST. DENIS
NATCHITOCHES, LA 71457

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722330 - Mobile Food Services

Loan Approval Date

8/27/2004

Loan Approval Gross Amount

$12,700

Loan Approval from the SBA

Of the total $12,700 loan amount, the SBA guaranteed $10,795.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Natchitoches LA, you ought to talk with a local Natchitoches SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Natchitoches businesses.

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 City Bank And Trust Company 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.

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SBA Approved Banks in Natchitoches, Louisiana

Where to Get an SBA Loan Louisiana