Business Loans for Power and Communication Line and Related Structures Construction

With these business loans for power and communication line and related structures construction, the SBA guarantees the lender that the loan will be repaid. This power and communication line and related structures construction loan for $50,000 was given to a Louisiana entrepreneur in 2005.

Getting a small business loan in West Monroe, Louisiana was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Ouachita Independent Bank, operating out of Monroe, Louisiana. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: POWER AND COMMUNICATION LINE AND RELATED STRUCTURES CONSTRUCTION
WEST MONROE, LA 71291

SBA Loan Lender

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

This lender issued this particular small 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

237130 - Power and Communication Line and Related Structures Construction

Loan Approval Date

8/5/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 6 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $50,000 loan. Remember, anyone can do it... so why not you?

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:

Financing Your Business

SBA Banks in Monroe, Louisiana

Louisiana SBA 7A Banks