Business Loan from Citizens Bank & Trust Company Given to Retail Stores Company

An SBA loan from Citizens Bank & Trust Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Springhill, Louisiana business owner got a $98,000 loan.

This business knew how to go about getting a business bank loan. Based in Springhill, Louisiana, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Citizens Bank & Trust Company, based in Springhill, Louisiana.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
SPRINGHILL, LA 71075

SBA Loan Lender

CITIZENS BANK & TRUST COMPANY
106 S MAIN ST
SPRINGHILL, LA 71075

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

Loan Approval Date

4/3/2000

Loan Approval Gross Amount

$98,000

Loan Approval from the SBA

Of the total $98,000 loan amount, the SBA guaranteed $78,400.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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