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November 15, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Belton, Business Loans > Bank Of Belton Belton Business Loans > Motor Vehicle Parts Manufacturing Loan | ||||
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Business Loans for Maryland Heights Entrepreneurs
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Small Business Loans for Motor Vehicle Parts ManufacturingWith these small business loans for motor vehicle parts manufacturing, the SBA guarantees the lender that the loan will be repaid. This motor vehicle parts manufacturing loan for $425,000 was given to a Missouri entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Maryland Heights, Missouri was able to borrow $425,000 from Bank Of Belton. The SBA made the loan possible by guaranteeing $382,500 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE PARTS MANUFACTURING SBA Loan Lender BANK OF BELTON SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 336399 - Motor Vehicle Parts Manufacturing Loan Approval Date 6/4/2004 Loan Approval Gross Amount $425,000 Loan Approval from the SBA Of the total $425,000 loan amount, the SBA guaranteed $382,500. 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 42 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $425,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Best Belton, Missouri Banks for Small Business
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