Farmington, Missouri Bank Gives SBA Loan to Limited-Service Restaurants Company

Find Farmington, Missouri banks that specialize in business loans and know how to work with entrepreneurs. First State Community Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Bonne Terre, Missouri starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from First State Community Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
BONNE TERRE, MO 63628

SBA Loan Lender

FIRST STATE COMMUNITY BANK
201 E COLUMBIA
FARMINGTON, MO 63640

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/16/2007

Loan Approval Gross Amount

$12,000

Loan Approval from the SBA

Of the total $12,000 loan amount, the SBA guaranteed $6,000.

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 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 7 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Bonne Terre MO, you ought to talk with a local Bonne Terre SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bonne Terre businesses.

This SBA loan was for $12,000. How would you spend $12,000 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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Missouri SBA Bank Lenders