Bank Of Belton Gives Small Business Loan to Motor Vehicle Parts Manufacturing Company

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

You can learn something about getting a small business loan in Maryland Heights, Missouri by studying this loan to a local business, made back in 2005. Banks like Bank Of Belton may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE PARTS MANUFACTURING
MARYLAND HEIGHTS, MO 63043

SBA Loan Lender

BANK OF BELTON
204 MAIN ST
BELTON, MO 64012

This lender issued this loan for a small business under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336399 - Motor Vehicle Parts Manufacturing

Loan Approval Date

3/2/2005

Loan Approval Gross Amount

$210,700

Loan Approval from the SBA

Of the total $210,700 loan amount, the SBA guaranteed $158,025.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We can help you find the best banks for small businesses in Maryland Heights or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Small Business Loan

Banks in Belton, Missouri

Missouri SBA 7A Banks