Raising Money for Personal Care Services

Looking for business loans for personal care services? An SBA loan may be just what you've been looking for. This $61,800 personal care services loan was issued by a Louisiana bank.

This small business 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 2002. The lending bank was Bank Of Montgomery, based in Natchitoches, Louisiana.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
NATCHITOCHES, LA 71457

SBA Loan Lender

BANK OF MONTGOMERY
352 HWY 1 SOUTH
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

812199 - Personal Care Services

Loan Approval Date

2/8/2002

Loan Approval Gross Amount

$61,800

Loan Approval from the SBA

Of the total $61,800 loan amount, the SBA guaranteed $52,530.

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 2 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of Montgomery that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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