Metairie, Louisiana Bank Gives SBA Loan to Computer Systems Design Services Company

Get to know Metairie, Louisiana banks that specialize in business loans and know how to work with entrepreneurs. Omni Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in River Ridge (census Name For L, Louisiana starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Omni Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: COMPUTER SYSTEMS DESIGN SERVICES
RIVER RIDGE (CENSUS NAME FOR L, LA 70123

SBA Loan Lender

OMNI BANK
2900 RIDGELAKE DR
METAIRIE, LA 70002

This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

541512 - Computer Systems Design Services

Loan Approval Date

1/18/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 3 employees. The SBA loan documents indicated that the loan would help create 1 new job.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in River Ridge (census Name For L LA, you ought to talk with a local River Ridge (census Name For L SBA lender or talk with an out-of-area SBA lender that has previously loaned money to River Ridge (census Name For L businesses.

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 Omni Bank 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.

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