Eagle Bank & Trust - Missouri SBA Loan to Beauty Shops Company

An SBA loan from Eagle Bank & Trust - Missouri typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Arnold, Missouri business owner got a $60,000 loan.

Getting a small business loan in Arnold, Missouri was an essential business goal for this firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Eagle Bank & Trust - Missouri, operating out of Festus, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
ARNOLD, MO 63010

SBA Loan Lender

EAGLE BANK & TRUST - MISSOURI
680 S MILL ST
FESTUS, MO 63028

This lender issued this particular business 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.

SIC Code

7231 - Beauty Shops

Loan Approval Date

7/11/2000

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $48,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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SBA Participating Banks in Festus, Missouri

SBA Lenders in Missouri