Ballwin, Missouri Entrepreneur Gets a Bank Loan
Looking to get a Missouri bank loan? This Missouri entrepreneur got a bank loan, provided by a Tennessee bank that works with the SBA to help small business owners.
You can learn something about getting a small business loan in Ballwin, Missouri by studying this loan to a local company, made back in 2002. Banks like Regions Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES
BALLWIN, MO 63021
SBA Loan Lender
REGIONS BANK
6200 POPLAR AVE
MEMPHIS, TN 38119
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812320 - Drycleaning and Laundry Services
Loan Approval Date
12/6/2002
Loan Approval Gross Amount
$435,300
Loan Approval from the SBA
Of the total $435,300 loan amount, the SBA guaranteed $326,475.
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 2 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 15 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start business in Ballwin MO, you ought to talk with a local Ballwin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ballwin businesses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Regions Bank and they will explain how you can get an SBA loan for your company.
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.
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