Entrepreneur Works With Arnold, Missouri Bank to Get an SBA Loan

Want to talk with an Arnold, Missouri bank about a small business loan? Here's one Missouri business loan, issued by an Arnold bank, that was approved by the SBA.

Applying for an SBA loan with Eagle Bank & Trust - Missouri worked out well for our friends at one local company in Saint Louis, Missouri. They received an SBA loan for $150,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
SAINT LOUIS, MO 63104

SBA Loan Lender

EAGLE BANK & TRUST - MISSOURI
3944 VOGEL RD
ARNOLD, MO 63010

This lender issued this particular SBA 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

811192 - Car Washes

Loan Approval Date

8/23/2005

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 a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, feel the fear, and do it anyway.

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:

Role of Business Plan When Raising Money

SBA 7A Banks in Arnold, Missouri

Missouri SBA 7A Lenders