Lessors of Real Estate Property Small Business Loans

Looking for small business loans for lessors of real estate property? An SBA loan may be just what you've been looking for. This $150,000 lessors of real estate property loan was issued by a Louisiana bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Parish National Bank, out of Bogalusa, Louisiana. The loan was granted and they received $150,000 to help grow their New Orleans, Louisiana business.

SBA Loan Borrower

COMPANY TYPE: LESSORS OF REAL ESTATE PROPERTY
NEW ORLEANS, LA 70126

SBA Loan Lender

PARISH NATIONAL BANK
600 COLUMBIA ST
BOGALUSA, LA 70427

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531190 - Lessors of Real Estate Property

Loan Approval Date

12/21/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

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. Parish National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Parish National Bank 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.

Related Links:

The Art of Bootstrapping

Where to Get an SBA Loan in Bogalusa, Louisiana

SBA Participating Banks in Louisiana