Company Gets a Missouri Small Business Loan
SBA loans in Missouri are hard to find these days. We take a look at one Missouri SBA loan, provided by a Tennessee bank, that was approved by the SBA.
You can learn something about getting a small business loan in O'Fallon, Missouri by studying this loan to a local business, made back in 2000. Banks like Regions Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: FLOOR LAYING AND OTHER FLOOR WORK
O'FALLON, MO 63366
SBA Loan Lender
REGIONS BANK
6200 POPLAR AVE
MEMPHIS, TN 38119
This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
SIC Code
1752 - Floor Laying and Other Floor Work
NAICS Code
235520 - Floor Laying and Floor Contractors
Loan Approval Date
10/16/2000
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $12,500.
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 only one employee. The SBA loan application for the borrower indicated that the funding would help create 20 new jobs.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
We can help you find the best banks for small businesses in O'Fallon 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.
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