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November 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Clayton, Business Loans > Enterprise Bank & Trust Clayton Business Loans > Automotive And Apparel Trimmings Loan | ||||
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Clayton, Missouri Bank for SBA Loans
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Clayton, Missouri Bank Lends Money to Automotive And Apparel Trimmings Company in Lenexa, KansasA Clayton, Missouri business loan can be yours. Learn how a business got a $400,000 business loan from this Missouri bank. This loan to an entrepreneur is a good example of an SBA loan. Enterprise Bank & Trust made the loan and the SBA guaranteed a portion of the loan. Many other Kansas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE AND APPAREL TRIMMINGS SBA Loan Lender ENTERPRISE BANK & TRUST The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2396 - Automotive and Apparel Trimmings NAICS Code 323113 - Commercial Screen Printing Loan Approval Date 3/14/2005 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 4 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: Obtaining Funding From a Venture Capitalist Small Business Banks in Clayton, Missouri
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