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November 15, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Jefferson, Business Loans > Capital One Jefferson Business Loans > Machine Shops Loan | ||||
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Advice for Entrepreneurs On Getting a Loan
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Financing for Machine ShopsLooking for loans for machine shops? The SBA may be the answer. This $450,000 machine shops loan was issued by a Louisiana bank. This small firm knew how to go about getting a business bank loan. Based in Shreveport, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Capital One, based in Jefferson, Louisiana. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender CAPITAL ONE This SBA loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending history and a thorough understanding of SBA policies and procedures. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332710 - Machine Shops Loan Approval Date 9/12/2003 Loan Approval Gross Amount $450,000 Loan Approval from the SBA Of the total $450,000 loan amount, the SBA guaranteed $337,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $450,000 loan. Remember, anyone can do it... so why not 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: Best Banks for Small Business in Jefferson, Louisiana SBA Participating Banks in Louisiana
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