Ouachita Independent Bank Gives Small Business Loan to Convenience Stores Company

Searching for a Louisiana SBA loan? This Louisiana entrepreneur got an SBA loan, provided by a Louisiana bank that works with the SBA to help small business owners.

Getting a small business loan in West Monroe, Louisiana was a top priority for this particular business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Ouachita Independent Bank. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
WEST MONROE, LA 71291

SBA Loan Lender

OUACHITA INDEPENDENT BANK
909 N 18TH ST, STE 100
MONROE, LA 71201

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

7/26/2007

Loan Approval Gross Amount

$230,460

Loan Approval from the SBA

Of the total $230,460 loan amount, the SBA guaranteed $115,230.

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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This SBA loan was for $230,460. How would you spend $230,460 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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