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November 16, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Saint Clair, Business Loans > Farmers & Merchants Bank - St. C Saint Clair Business Loans > Commercial Equipment Merchant Wholesalers Loan | ||||
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Getting a Business Loan in Fenton, Missouri
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Farmers & Merchants Bank - St. C Gives Business Loan to Commercial Equipment Merchant Wholesalers CompanyMissouriBusiness loans are available to Missouri business owners through the SBA. In this case, a Missouri bank provides the loan. Getting a small business loan in Fenton, Missouri was a top priority for this SBA-financed company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Farmers & Merchants Bank - St. C. Here are the details on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL EQUIPMENT MERCHANT WHOLESALERS SBA Loan Lender FARMERS & MERCHANTS BANK - ST. C This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 423440 - Commercial Equipment Merchant Wholesalers Loan Approval Date 6/5/2007 Loan Approval Gross Amount $220,000 Loan Approval from the SBA Of the total $220,000 loan amount, the SBA guaranteed $110,000. 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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Farmers & Merchants Bank - St. C so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Clair, Missouri
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