 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Missouri Business Loan Sources > Jefferson City, Business Loans > The Central Trust Bank Jefferson City Business Loans > Full-Service Restaurants Loan | ||||
 |
||||
Missouri Business Loan from The Central Trust Bank
|
||||
 |
Business Loan from The Central Trust Bank Given to Full-Service Restaurants CompanyAn SBA loan from The Central Trust Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Jefferson City, Missouri business owner got a $70,200 loan. This business knew how to go about getting a business bank loan. Based in Jefferson City, Missouri, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was The Central Trust Bank, based in Jefferson City, Missouri. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender THE CENTRAL TRUST BANK This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 8/2/2006 Loan Approval Gross Amount $70,200 Loan Approval from the SBA Of the total $70,200 loan amount, the SBA guaranteed $59,670. 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 14 employees. The SBA loan documents indicated that the loan would help generate 14 new jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. 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: SBA Approved Banks in Jefferson City, Missouri
|
|
||
|
||||
|
|
||||