Saint Charles, Missouri Bank Lends Money to Nonupholstered Wood Household Furniture Manufacturing Company in Dardeene Prairie, Missouri

Get to know Saint Charles, Missouri banks that specialize in SBA loans and know how to work with entrepreneurs. New Frontier Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Dardeene Prairie, Missouri starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from New Frontier Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: NONUPHOLSTERED WOOD HOUSEHOLD FURNITURE MANUFACTURING
DARDEENE PRAIRIE, MO 63366

SBA Loan Lender

NEW FRONTIER BANK
1771 ZUMBEHL RD
SAINT CHARLES, MO 63303

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

337122 - Nonupholstered Wood Household Furniture Manufacturing

Loan Approval Date

8/8/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. 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 funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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