General Merchandise Stores Business Loans

Looking for business loans for general merchandise stores? Try the SBA. This $62,300 general merchandise stores loan was issued by a Missouri bank.

This small business knew how to go about getting a business bank loan. Based in Cape Girardeau, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Regions Bank, based in Cape Girardeau, Missouri.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
CAPE GIRARDEAU, MO 63701

SBA Loan Lender

REGIONS BANK
407 N KINGSHIGHWAY
CAPE GIRARDEAU, MO 63701

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

452990 - General Merchandise Stores

Loan Approval Date

5/23/2003

Loan Approval Gross Amount

$62,300

Loan Approval from the SBA

Of the total $62,300 loan amount, the SBA guaranteed $52,955.

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 only one employee. This SBA loan request did not indicate that the business promised 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?

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $62,300 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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