Company Gets a Missouri SBA Loan

Would a Missouri SBA loan help your business get to the next level? If so, you may want to talk with this Wisconsin bank, which offers SBA loans to Missouri entrepreneurs.

Getting a small business loan in Farmington, Missouri was a top priority for this particular business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from M&i Marshall & Ilsley Bank. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
Farmington, MO 63640

SBA Loan Lender

M&I MARSHALL & ILSLEY BANK
770 N WATER ST
MILWAUKEE, WI 53202

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

812199 - Personal Care Services

Loan Approval Date

11/28/2007

Loan Approval Gross Amount

$175,200

Loan Approval from the SBA

Of the total $175,200 loan amount, the SBA guaranteed $131,400.

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 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Startup Funding Tip

Best Milwaukee, Wisconsin Banks for Small Business

Where to Get an SBA Loan Wisconsin