Business Loan from Gulf Coast Business & Indust Devel Given to Sporting And Athletic Goods Company

An SBA loan from Gulf Coast Business & Indust Devel typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Pineville, Louisiana business owner got a $120,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Gulf Coast Business & Indust Devel, out of Baton Rouge, Louisiana. The loan was granted and they received $120,000 to help grow their Pineville, Louisiana business.

SBA Loan Borrower

COMPANY TYPE: SPORTING AND ATHLETIC GOODS
PINEVILLE, LA 71360

SBA Loan Lender

GULF COAST BUSINESS & INDUST DEVEL
8752 QUARTERS LAKE RD
BATON ROUGE, LA 70809

This lender issued this 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.

SIC Code

3949 - Sporting and Athletic Goods

NAICS Code

339920 - Sporting and Athletic Goods Manufacturing

Loan Approval Date

5/26/2000

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $90,000.

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 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Gulf Coast Business & Indust Devel so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Debt Financing

SBA Approved Banks in Baton Rouge, Louisiana

SBA Participating Banks in Louisiana