Saint Louis, Missouri Bank Lends Money to Podiatrists Company in Ballwin, Missouri

Thinking about meeting with a Saint Louis, Missouri bank about a business loan? Here's one Missouri business loan, issued by a Saint Louis bank, that was approved by the SBA.

Applying for an SBA loan with Midwest Bankcentre worked out well for our friends at one local firm in Ballwin, Missouri. The business was able to get an SBA loan for $115,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: PODIATRISTS
BALLWIN, MO 63021

SBA Loan Lender

MIDWEST BANKCENTRE
2191 LEMAY FERRY RD
SAINT LOUIS, MO 63125

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621391 - Podiatrists

Loan Approval Date

4/28/2005

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

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 4 employees. This SBA loan request did not indicate that the company 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?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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