American Bank
LA
SBA-approved lender offering 7 loan programs across 10 industries.
Key Metrics
Interest Rate
9.42%
2.67% over prime
Average Loan
$1.3M
Per approval
Total Approvals
28
FY 2025
Loan Programs (7)
7a General
Change of Ownership
Existing or more than 2 years old
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
Fixed Rates
Industries Served (10)
Automotive Body, Paint, and Interior Repair and MaintenanceBeauty SalonsFruit and Vegetable CanningFull-Service RestaurantsHotels (except Casino Hotels) and MotelsMedical LaboratoriesOffices of Certified Public AccountantsOffices of Physicians (except Mental Health Specialists)Paint and Wallpaper StoresPower and Communication Line and Related Structures Construction
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 2.67%
- Effective Rate
- 9.42%
- Fiscal Year
- 2025
- States Served
- LA
- Website
- www.americanbankusa.com
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