b1BANK

LA

SBA-approved lender offering 7 loan programs across 23 industries.

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Key Metrics

Interest Rate

9.28%

2.53% over prime

Average Loan

$1.2M

Per approval

Total Approvals

50

FY 2025

Loan Programs (7)

Existing or more than 2 years old
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
SBA Express Program
Change of Ownership
Fixed Rates

Industries Served (23)

All Other Amusement and Recreation IndustriesAll Other Specialty Trade ContractorsBarber ShopsBeer, Wine, and Liquor StoresChild Day Care ServicesCommercial Gravure PrintingCommercial and Industrial Machinery and Equipment (except Automotive aElectroplating, Plating, Polishing, Anodizing, and ColoringFull-Service RestaurantsGeneral Warehousing and StorageHome Health Care ServicesLimited-Service RestaurantsMarketing Consulting ServicesOffices of Certified Public AccountantsOffices of Mental Health Practitioners (except Physicians)Offices of Physicians (except Mental Health Specialists)Other Heavy and Civil Engineering ConstructionOther Personal Care ServicesPet Care (except Veterinary) ServicesResidential RemodelersRoofing ContractorsSnack and Nonalcoholic Beverage BarsSolid Waste Collection

Additional Details

Prime Rate
6.75%
Rate Over Prime
2.53%
Effective Rate
9.28%
Fiscal Year
2025
States Served
LA

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