New Frontier Bank SBA Loan to Used Merchandise Stores Company

An SBA loan from New Frontier Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Saint Charles, Missouri business owner got a $45,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with New Frontier Bank, out of Saint Charles, Missouri. The loan was granted and they received $45,000 to help grow their Saint Charles, Missouri business.

SBA Loan Borrower

COMPANY TYPE: USED MERCHANDISE STORES
SAINT CHARLES, MO 63301

SBA Loan Lender

NEW FRONTIER BANK
1771 ZUMBEHL RD
SAINT CHARLES, MO 63303

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453310 - Used Merchandise Stores

Loan Approval Date

3/24/2005

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

We can help you find the best banks for small businesses in Saint Charles 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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