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December 21, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Salt Lake City, Business Loans > Amer Express Centurion Bk Salt Lake City Business Loans > Office Machinery And Equipment Rental And Leasing Loan | ||||
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Business Loans for New Orleans Small Business Owners
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Borrowing Money for Office Machinery and Equipment Rental and LeasingWith these small business loans for office machinery and equipment rental and leasing, the SBA guarantees the lender that the loan will be repaid. This office machinery and equipment rental and leasing loan for $25,000 was given to a Louisiana entrepreneur in 2003. Getting a small business loan in New Orleans, Louisiana was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Amer Express Centurion Bk, operating out of Salt Lake City, Utah. Here are the details on this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: OFFICE MACHINERY AND EQUIPMENT RENTAL AND LEASING SBA Loan Lender AMER EXPRESS CENTURION BK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 532420 - Office Machinery and Equipment Rental and Leasing Loan Approval Date 7/11/2003 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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. This SBA loan request indicated that the funding would help generate 2 new jobs. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Amer Express Centurion Bk and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Who Lends Money to Small Businesses in Salt Lake City, Utah
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