Regions Bank SBA Loan to Retail Stores Company

Looking to get a Louisiana business loan? Here's one Louisiana business loan that was approved by the SBA.

This growing firm needed an SBA business loan in Pineville, Louisiana back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Regions Bank, operating out of Alexandria, Louisiana. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
PINEVILLE, LA 71360

SBA Loan Lender

REGIONS BANK
803 6TH ST
ALEXANDRIA, LA 71301

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

Loan Approval Date

3/29/2000

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $48,000.

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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are raising money in Pineville LA, you ought to talk with a local Pineville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pineville businesses.

We can help you find the best banks for small businesses in Pineville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Business Credit Evaluation

Best Banks in Alexandria, Louisiana

Getting an SBA Loan in Louisiana