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January 21, 2025 |
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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 > Limited-Service Restaurants Loan | ||||
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Who Can Get a Business Loan in New Orleans, Louisiana?
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Limited-Service Restaurants LoansLooking for loans for limited-service restaurants? Try the SBA. This $98,700 limited-service restaurants loan was issued by a Louisiana bank. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Business Res. Cap. Specialty B, out of New Orleans, Louisiana. The loan was granted and they received $98,700 to help grow their New Orleans, Louisiana business. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender BUSINESS RES. CAP. SPECIALTY B This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/2/2003 Loan Approval Gross Amount $98,700 Loan Approval from the SBA Of the total $98,700 loan amount, the SBA guaranteed $74,025. 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 7 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $98,700 loan. Remember, anyone can do it... so why not you? 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: A Company That Helps Entrepreneurs SBA Participating Banks in New Orleans, Louisiana
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