Louisiana Business Loan Issued to Beauty Shops Company

Business loans in Louisiana are tough to come by these days. We take a look at one Louisiana business loan, provided by a Louisiana bank, that was approved by the SBA.

Getting a small business loan in New Orleans, Louisiana was a top priority for this SBA-financed company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Omni Bank. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
NEW ORLEANS, LA 70130

SBA Loan Lender

OMNI BANK
330 CARONDELET ST
NEW ORLEANS, LA 70130

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

Loan Approval Date

8/17/2000

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $64,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $80,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Obtaining Funding - Getting Venture Capital

Small Bank Loans in New Orleans, Louisiana

Getting an SBA Loan in Louisiana