Oilfield Service Professionals LLC
Oilfield Service Professionals LLC is a business in Broussard, Louisiana, classified under Support Activities for Oil and Gas Operations (NAICS 213112). The company financed real estate or equipment through an SBA 504 loan of $1,312,000, approved on March 21, 2024, with Rayne State Bank & Trust Company as the bank lender and Louisiana Capital Certified Development Company, Inc. as the certified development company.
SBA 504 loan, approved Mar 21, 2024
$1,312,000 SBA portionCDC: Louisiana Capital Certified Development Company, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,312,000
- Bank portion
- $1,600,000
- Estimated project size
- $3,235,556 (estimated)
- Estimated owner equity
- $323,556 (estimated, about 10% of the project)
- Bank lender
- Rayne State Bank & Trust Company, Rayne, LA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 21, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 213112, Support Activities for Oil and Gas Operations
- Project location
- Saint Martin County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Support Activities for Oil and Gas Operations: $1,312,000.
- Average expansion loan in Louisiana: $2,537,130.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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