Loan Census Banking News and Information
December 19, 2024  
 
 
  Business Loan Information  
 

We Needed a Business Loan in Sappington, Missouri and We Got One!

 

 
Loan Census SBA Loan Info

Getting an SBA Loan for Advertising Agencies

Looking for commercial loans for advertising agencies? Talk to a banker who works with the SBA. This $100,000 advertising agencies loan was issued by a Missouri bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Heartland Bank, out of Saint Louis, Missouri. The loan was granted and they received $100,000 to help grow their Sappington, Missouri business.

SBA Loan Borrower

COMPANY TYPE: ADVERTISING AGENCIES
SAPPINGTON, MO 63104

SBA Loan Lender

HEARTLAND BANK
212 S CENTRAL AVE, STE 200
SAINT LOUIS, MO 63105

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

541810 - Advertising Agencies

Loan Approval Date

7/28/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 5 employees. The loan application indicated that the loan would help generate 1 new job and retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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