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November 21, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Perryville, Business Loans > The Bank Of Missouri Perryville Business Loans > Postal Service Loan | ||||
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The Bank Of Missouri Cape Girardeau
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SBA Loan from The Bank Of Missouri Helps Postal Service CompanyAn SBA loan from The Bank Of Missouri typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cape Girardeau, Missouri business owner got a $217,500 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cape Girardeau, Missouri was able to borrow $217,500 from The Bank Of Missouri. The SBA made the loan possible by guaranteeing $163,125 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: POSTAL SERVICE SBA Loan Lender THE BANK OF MISSOURI The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 491110 - Postal Service Loan Approval Date 10/16/2000 Loan Approval Gross Amount $217,500 Loan Approval from the SBA Of the total $217,500 loan amount, the SBA guaranteed $163,125. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. The loan application did not indicate that the SBA funding recipient 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? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 $217,500 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. Related Links: SBA Participating Banks in Perryville, Missouri
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