Business Loan from Farmers & Merchants Bank - St. C Given to Manufactured Home Dealers Company

An SBA loan from Farmers & Merchants Bank - St. C typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fenton, Missouri business owner got a $150,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Fenton, Missouri, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Farmers & Merchants Bank - St. C, based in Saint Clair, Missouri.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURED HOME DEALERS
FENTON, MO 63026

SBA Loan Lender

FARMERS & MERCHANTS BANK - ST. C
530 S MAIN ST
SAINT CLAIR, MO 63077

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453930 - Manufactured Home Dealers

Loan Approval Date

2/5/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 20 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

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.

Related Links:

Business Credit Evaluation

Where to Get an SBA Loan in Saint Clair, Missouri

SBA Lenders in Missouri