Raising Money for Commercial Bakeries

With these bank loans for commercial bakeries, the SBA guarantees the lender that the loan will be repaid. This commercial bakeries loan for $65,000 was given to a Louisiana entrepreneur in 2004.

This company knew how to go about getting a business bank loan. Based in Sulphur, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Jeff Davis Bank & Trust, based in Jennings, Louisiana.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL BAKERIES
SULPHUR, LA 70663

SBA Loan Lender

JEFF DAVIS BANK & TRUST
507 N MAIN
JENNINGS, LA 70546

This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

6/4/2004

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

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 2 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $65,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Determining Proper Capital Structure for a Business

Best Banks for Small Business in Jennings, Louisiana

Browse All Business Loan Sources for Louisiana