Citizens National Bank - Gr. St. Lou Gives SBA Loan to Child Day Care Services Company

Small business loans in Missouri are tough to come by these days. We take a look at one Missouri small business loan, provided by a Missouri bank, that was approved by the SBA.

This company, based in Highlandville, Missouri, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Citizens National Bank - Gr. St. Lou. We've got the inside scoop on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
HIGHLANDVILLE, MO 65669

SBA Loan Lender

CITIZENS NATIONAL BANK - GR. ST. LOU
7305 MANCHESTER RD
MAPLEWOOD, MO 63143

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

6/5/2007

Loan Approval Gross Amount

$130,900

Loan Approval from the SBA

Of the total $130,900 loan amount, the SBA guaranteed $111,265.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 6 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Citizens National Bank - Gr. St. Lou that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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