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November 15, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Valley Park, Business Loans > Meramec Valley Bank Valley Park Business Loans > Drycleaning And Laundry Services Loan | ||||
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Valley Park, Missouri Bank for SBA Loans
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Valley Park, Missouri Lender Lends Money to Drycleaning And Laundry Services CompanyThinking about meeting with a Valley Park, Missouri bank about a business loan? Here's one Missouri business loan, issued by a Valley Park bank, that was approved by the SBA. Applying for an SBA loan with Meramec Valley Bank worked out well for our friends at one local firm in Fenton, Missouri. They got an SBA loan for $125,000. Nice! SBA Loan Borrower COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES SBA Loan Lender MERAMEC VALLEY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 3/1/2005 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. 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 26 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 $125,000 loan. Remember, where there is a will, there is a way! 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: Banks in Valley Park, Missouri Getting a Business Loan in Missouri
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