Support Services Bank Loans

With these bank loans for support services, the SBA guarantees the lender that the loan will be repaid. This support services loan for $341,300 was given to a Louisiana entrepreneur in 2005.

Getting a small business loan in New Orleans, Louisiana was important for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Dryades Savings Bank, F.S.B., operating out of New Orleans, Louisiana. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: SUPPORT SERVICES
NEW ORLEANS, LA 70116

SBA Loan Lender

DRYADES SAVINGS BANK, F.S.B.
233 CARONDELET ST
NEW ORLEANS, LA 70130

This loan for a small business was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending history and a thorough understanding of SBA policies and procedures.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561990 - Support Services

Loan Approval Date

4/19/2005

Loan Approval Gross Amount

$341,300

Loan Approval from the SBA

Of the total $341,300 loan amount, the SBA guaranteed $255,975.

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 30 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Bank Credit Lines

SBA 7A Banks in New Orleans, Louisiana

Louisiana SBA 7A Lenders