St. Louis, Missouri Lender Lends Money to Home Health Care Services Company
Get business loans from a St. Louis, Missouri bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.
Ge Cap. Small Business Finan Corp is a St. Louis, Missouri small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Illinois company.
SBA Loan Borrower
COMPANY TYPE: HOME HEALTH CARE SERVICES
CHICAGO, IL 60646
SBA Loan Lender
GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141
This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8082 - Home Health Care Services
NAICS Code
621610 - Home Health Care Services
Loan Approval Date
3/6/2000
Loan Approval Gross Amount
$718,000
Loan Approval from the SBA
Of the total $718,000 loan amount, the SBA guaranteed $538,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 35 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 40 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Ge Cap. Small Business Finan Corp and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
Getting a Small Business Loan
SBA 7A Banks for St. Louis, Missouri Loans
Missouri SBA 7A Banks