Business Loan from Farmers & Merchants Bank - St. C Given to Florists Company

Farmers & Merchants Bank - St. C and the SBA work together to get business loans for growing small businesses. Here's an example of how a Missouri entrepreneur was able to get a loan to take a small business to the next level.

Getting a small business loan in St. Clair, Missouri was an essential business goal for this firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Farmers & Merchants Bank - St. C, operating out of Saint Clair, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
ST. CLAIR, MO 63077

SBA Loan Lender

FARMERS & MERCHANTS BANK - ST. C
530 S MAIN ST
SAINT CLAIR, MO 63077

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453110 - Florists

Loan Approval Date

2/28/2005

Loan Approval Gross Amount

$95,400

Loan Approval from the SBA

Of the total $95,400 loan amount, the SBA guaranteed $81,090.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

This SBA loan was for $95,400. How would you spend $95,400 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

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