St. Louis, Missouri Bank Gives SBA Loan to Electrical Machinery, Equipment, And Supplies Company

Get to know St. Louis, Missouri banks that specialize in business loans and know how to work with entrepreneurs. Ge Cap. Small Business Finan Corp is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Miami, Florida starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Ge Cap. Small Business Finan Corp. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL MACHINERY, EQUIPMENT, AND SUPPLIES
MIAMI, FL 33155

SBA Loan Lender

GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3699 - Electrical Machinery, Equipment, and Supplies

Loan Approval Date

1/28/2000

Loan Approval Gross Amount

$138,500

Loan Approval from the SBA

Of the total $138,500 loan amount, the SBA guaranteed $103,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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Small Business Banks in St. Louis, Missouri

Where to Get an SBA Loan Missouri