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November 15, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Saint Louis, Business Loans > Bremen Bank And Trust Company Saint Louis Business Loans > Personal Care Services Loan | ||||
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Saint Louis SBA Lenders
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Saint Louis, Missouri Lender Lends Money to Personal Care Services CompanyThinking about meeting with a Saint Louis, Missouri bank about a small 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 Bremen Bank And Trust Company worked out well for our friends at one local firm in Chesterfield, Missouri. They received an SBA loan for $65,000. Great job! SBA Loan Borrower COMPANY TYPE: PERSONAL CARE SERVICES SBA Loan Lender BREMEN BANK AND TRUST COMPANY This lender issued this particular commercial loan 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 812199 - Personal Care Services Loan Approval Date 6/12/2003 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $55,250. 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 5 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bremen Bank And Trust Company that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Saint Louis, Missouri
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