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November 21, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Oakland, Business Loans > Innovative Bank Oakland Business Loans > Meat Markets Loan | ||||
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Advice for Small Business Owners On Getting a Loan
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Getting an SBA Loan for Meat MarketsLooking for commercial loans for meat markets? Try the SBA. This $10,000 meat markets loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in St. Martinville, Louisiana was able to borrow $10,000 from Innovative Bank. The SBA made the loan possible by guaranteeing $8,500 of this Louisiana small business loan. SBA Loan Borrower COMPANY TYPE: MEAT MARKETS SBA Loan Lender INNOVATIVE BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445210 - Meat Markets Loan Approval Date 8/24/2004 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $8,500. 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 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 8 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source 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 Innovative 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. Related Links: Raising VC Money for Social Networking Companies Best Oakland, California Banks for Small Business
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