Mandeville, Louisiana Lender Lends Money to Eating Places Company

Thinking about meeting with a Mandeville, Louisiana bank about a business loan? Here's one Louisiana business loan, issued by a Mandeville bank, that was approved by the SBA.

Applying for an SBA loan with Central Progressive Bank worked out well for our friends at one local business in Slidell, Louisiana. They got an SBA loan for $450,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
SLIDELL, LA 70461

SBA Loan Lender

CENTRAL PROGRESSIVE BANK
3916 HWY 22
MANDEVILLE, LA 70471

When it made this small business loan, the lender was part of the SBA's Certified Lenders Program (CLP). This program aims to offer fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

7/18/2000

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. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business promised to use the money to hire new 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Realistic Debt Financing Options

SBA Participating Banks in Mandeville, Louisiana

Getting an SBA Loan in Louisiana