Louisiana Bank Loan Issued to Transportation Equipment And Supplies Company
SBA loans in Louisiana are tough to come by these days. We take a look at one Louisiana SBA loan, provided by a Virginia bank, that was approved by the SBA.
You can learn something about getting a small business loan in New Orleans, Louisiana by studying this loan to a local business, made back in 2000. Banks like Capital One may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: TRANSPORTATION EQUIPMENT AND SUPPLIES
NEW ORLEANS, LA 70130
SBA Loan Lender
CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102
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 SBA bank loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5088 - Transportation Equipment and Supplies
NAICS Code
421860 - Transportation Equipment and Supplies Wholesalers
Loan Approval Date
4/4/2000
Loan Approval Gross Amount
$400,000
Loan Approval from the SBA
Of the total $400,000 loan amount, the SBA guaranteed $360,000.
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 14 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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.
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