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November 15, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Birmingham, Business Loans > Regions Bank Birmingham Business Loans > Hobby, Toy, And Game Stores Loan | ||||
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Who Can Get a Business Loan in Chesterfield, Missouri?
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Hobby, Toy, and Game Stores Commercial LoansLooking for commercial loans for hobby, toy, and game stores? Try the SBA. This $350,000 hobby, toy, and game stores loan was issued by an Alabama bank. This small business knew how to go about getting a business bank loan. Based in Chesterfield, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Regions Bank, based in Birmingham, Alabama. SBA Loan Borrower COMPANY TYPE: HOBBY, TOY, AND GAME STORES SBA Loan Lender REGIONS BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451120 - Hobby, Toy, and Game Stores Loan Approval Date 8/3/2006 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. 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 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Remember, you 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $350,000 loan. Remember, things become real when you believe you can achieve them! 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: Where to Get an SBA Loan in Birmingham, Alabama
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