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June 1, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Plaquemine, Business Loans > Plaquemine Bank & Trust Plaquemine Business Loans > Commercial And Industrial Machinery And Equipment Rental And Leasing Loan | ||||
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What Does It Take to Get a Business Loan in Baton Rouge, Louisiana?
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Get an SBA Loan for Commercial and Industrial Machinery and Equipment Rental and LeasingLooking for loans for commercial and industrial machinery and equipment rental and leasing? An SBA loan may be just what you've been looking for. This $150,000 commercial and industrial machinery and equipment rental and leasing loan was issued by a Louisiana bank. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Plaquemine Bank & Trust, out of Plaquemine, Louisiana. The loan was granted and they received $150,000 to help grow their Baton Rouge, Louisiana business. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT RENTAL AND LEASING SBA Loan Lender PLAQUEMINE BANK & TRUST This lender issued this particular 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 532490 - Commercial and Industrial Machinery and Equipment Rental and Leasing Loan Approval Date 8/30/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Plaquemine Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Plaquemine Bank & Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Advice on Getting a Small Business Loan Best Banks for Small Business in Plaquemine, Louisiana
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