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December 20, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > New Orleans, Business Loans > Business Res. Cap. Specialty B New Orleans Business Loans > Full-Service Restaurants Loan | ||||
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Business Res. Cap. Specialty B Small Business New Orleans, LA
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New Orleans, Louisiana Business Gets SBA-Guaranteed Funding from Business Res. Cap. Specialty BAn SBA loan from Business Res. Cap. Specialty B typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a New Orleans, Louisiana business owner got a $110,000 loan. Getting a small business loan in New Orleans, Louisiana was an essential business goal for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Business Res. Cap. Specialty B, operating out of New Orleans, Louisiana. Here are the details on this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender BUSINESS RES. CAP. SPECIALTY B The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 9/19/2003 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. 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 4 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 $110,000 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: Good Banks for Small Business in New Orleans, Louisiana Browse All Business Loan Sources for Louisiana
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