Tuesday, August 21

Center for Rural and Small Business Development Success Story

Pastor Smith and wife, Sandra

[Baton Rouge, La.] The Present Truth Prayer Center of 3560 Delta Drive in St. Gabriel, La is grateful for the assistance given by the Center for Rural and Small Business Development. During the Fall of 2008, leaders of the Present Truth Church Prayer Center began to look at vacant land and buildings to relocate their church due to the growth in membership. By the summer of 2009, the church began to eye a new warehouse that was for sale. At first they only wanted to rent the warehouse, but later decided it would be best to purchase it.  They approached Iberville Bank for assistance in this effort.  The loan officer had previously worked with the Center for Rural and Small Business Development at SU Ag Center and referred them there for assistance in the development of a loan proposal.

The Center for Rural and Small Business Development provided counseling, developed a business plan, financial statements and completed the Iberville Bank loan package for the purchase of the warehouse.

Senior Pastor/Founder Randy Kevin Smith and his wife, Sandra worked closely with Gloria London and Eual Hall from the Center for Rural and Small Business Development in finalizing the business plan and loan proposal.  The final package was completed in June 2009 and submitted to Iberville Bank.  The loan was approved and closed in August 2009.

The church has had great success financially and spiritually. They have been able to meet all financial obligations, membership has tripled and they are engrossed in community outreach as the continue to win souls for Christ.

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Contact:
Bridget Udoh
(225) 771-5714

1 comment:

lewis kelly said...
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