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November 15, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Saint Charles, Business Loans > New Frontier Bank Saint Charles Business Loans > Beauty Salons Loan | ||||
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Saint Charles, Missouri SBA Banks
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Saint Charles, Missouri Lender Lends Money to Beauty Salons CompanyThinking about meeting with a Saint Charles, Missouri bank about a business loan? Here's one Missouri business loan, issued by a Saint Charles bank, that was approved by the SBA. Applying for an SBA loan with New Frontier Bank worked out well for our friends at one local business in O'Fallon, Missouri. The business was able to get an SBA loan for $67,000. Nice! SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender NEW FRONTIER BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 2/24/2003 Loan Approval Gross Amount $67,000 Loan Approval from the SBA Of the total $67,000 loan amount, the SBA guaranteed $56,950. 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 only one employee. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. New Frontier Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, New Frontier Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 7A Banks for Saint Charles, Missouri Loans
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