Local Business Gets a Missouri SBA Loan

Would a Missouri business loan help your company expand? If so, you may want to talk with this Missouri bank, which offers SBA loans to Missouri entrepreneurs.

Getting a small business loan in Sikeston, Missouri was a top priority for this SBA-financed company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First St. Bank & Trust Inc.. Here are the details on this Missouri small business loan.

SBA Loan Borrower

SMALL BUSINESS LOAN RECIPIENT
SIKESTON, MO 63801

SBA Loan Lender

FIRST ST. BANK & TRUST INC.
100 W 3RD ST
CARUTHERSVILLE, MO 63830

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

481219 - Nonscheduled Air Transportation

Loan Approval Date

2/9/2007

Loan Approval Gross Amount

$71,500

Loan Approval from the SBA

Of the total $71,500 loan amount, the SBA guaranteed $35,750.

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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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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