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December 19, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > O'Fallon, Business Loans > Regions Bank O'Fallon Business Loans > Beauty Salons Loan | ||||
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SBA Lender O'Fallon, Missouri
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O'Fallon, Missouri Bank Gives SBA Loan to Beauty Salons CompanyThinking about meeting with an O'Fallon, Missouri bank about a business loan? Here's one Missouri business loan, issued by an O'Fallon bank, that was approved by the SBA. Applying for an SBA loan with Regions Bank worked out well for our friends at one local company in Chesterfield, Missouri. The business was able to get an SBA loan for $42,300. Nice! SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender REGIONS BANK This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 4/11/2003 Loan Approval Gross Amount $42,300 Loan Approval from the SBA Of the total $42,300 loan amount, the SBA guaranteed $35,955. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We can help you find the best banks for small businesses in Chesterfield or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Who Lends Money to Small Businesses in O'Fallon, Missouri
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