New Orleans, Louisiana Bank Lends Money to Gasoline Service Stations Company in Waterproof, Louisiana

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

Applying for an SBA loan with Dryades Savings Bank, F.S.B. worked out well for our friends at one local company in Waterproof, Louisiana. The business was able to get an SBA loan for $119,900. Sweet!

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
WATERPROOF, LA 71375

SBA Loan Lender

DRYADES SAVINGS BANK, F.S.B.
233 CARONDELET ST
NEW ORLEANS, LA 70130

This lender issued this small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

Loan Approval Date

2/10/2000

Loan Approval Gross Amount

$119,900

Loan Approval from the SBA

Of the total $119,900 loan amount, the SBA guaranteed $89,925.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Waterproof LA, you ought to talk with a local Waterproof SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Waterproof businesses.

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 Dryades Savings Bank, F.S.B. 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.

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