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November 15, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Kansas City, Business Loans > Commerce Bank Kansas City Business Loans > Ps St Louis Inc Loan | ||||
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Advice for Borrowing Money to Buy a Franchise
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O'Fallon, MO Entrepreneur Gets SBA Loan to Buy Penn Station FranchiseBorrowing money to invest in a Penn Station franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in O'Fallon, Missouri needed money to invest in a Penn Station franchise back in 2006. Commerce Bank issued an SBA franchise loan. Here are the details on this Missouri small business loan. SBA Loan Borrower PS ST LOUIS INC SBA Loan Lender COMMERCE BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/8/2006 Loan Approval Gross Amount $471,000 Loan Approval from the SBA Of the total $471,000 loan amount, the SBA guaranteed $353,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Penn Station franchise. At the time of the loan, the company had 20 employees. The SBA loan documents indicated that the loan would help generate 20 new jobs and retain 40 existing jobs. Getting an SBA Loan For Your 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. This SBA loan was for $471,000. How would you spend $471,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Borrowing Money from Friends and Family Who Lends Money to Small Businesses in Kansas City, Missouri
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