Iberiabank Provides SBA Loan to Buy Bath Junkie Franchise

Borrowing money to buy a Bath Junkie franchise? Iberiabank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Bath Junkie franchise? If so, here's a 2003 SBA franchise loan that you should know about. Iberiabank was the lender and the entrepreneur was based in West Monroe, Louisiana.

SBA Loan Borrower

KANE ENTERPRISES,LLC
WEST MONROE, LA 71291

SBA Loan Lender

IBERIABANK
300 WASHINGTON ST, STE 100
MONROE, LA 71201

This lender issued this particular business 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

446199 - Health and Personal Care Stores

Loan Approval Date

5/22/2003

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bath Junkie franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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 $60,000 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:

Bath Junkie

Business Line of Credit

Good Banks for Small Business in Monroe, Louisiana

Getting an SBA Loan in Louisiana