Entrepreneur Works With Saint Robert, Missouri Bank to Get an SBA Loan

Thinking about meeting with a Saint Robert, Missouri bank about an SBA loan? Here's one Missouri business loan, issued by a Saint Robert bank, that was approved by the SBA.

Applying for an SBA loan with Security Bank - Pulaski Cnty worked out well for our friends at one local business in Saint Robert, Missouri. The business was able to get an SBA loan for $23,500. Awesome!

SBA Loan Borrower

COMPANY TYPE: PHYSICAL FITNESS FACILITIES
SAINT ROBERT, MO 65584

SBA Loan Lender

SECURITY BANK - PULASKI CNTY
601 MARSHALL DR
SAINT ROBERT, MO 65584

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7991 - Physical Fitness Facilities

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

1/15/2003

Loan Approval Gross Amount

$23,500

Loan Approval from the SBA

Of the total $23,500 loan amount, the SBA guaranteed $19,975.

More Information on This SBA Loan

The borrower borrowed this money for a new 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. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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