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December 20, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Jefferson, Business Loans > 1st National Bank - Hughes Springs Jefferson Business Loans > Crude Petroleum And Natural Gas Loan | ||||
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SBA 7A Banks That Lend to Shreveport Small Businesses
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1st National Bank - Hughes Springs Gives Small Business Loan to Crude Petroleum And Natural Gas CompanyLouisianaBank loans are available to Louisiana firms through the SBA. In this case, a Texas bank provides the loan. You can learn something about getting a small business loan in Shreveport, Louisiana by studying this loan to a local company, made back in 2001. Banks like 1st National Bank - Hughes Springs may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: CRUDE PETROLEUM AND NATURAL GAS SBA Loan Lender 1ST NATIONAL BANK - HUGHES SPRINGS The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1311 - Crude Petroleum and Natural Gas NAICS Code 211111 - Crude Petroleum and Natural Gas Loan Approval Date 3/13/2001 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 9 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like 1st National Bank - Hughes Springs are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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. Related Links: SBA Participating Banks in Jefferson, Texas
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