Missouri Small Business Loan Issued to Drycleaning And Laundry Services Company

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

Getting a small business loan in St Charles, Missouri was a top priority for this particular business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from National City Bank. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES
ST CHARLES, MO 63301

SBA Loan Lender

NATIONAL CITY BANK
7801 FORSYTH BLVD
CLAYTON, MO 63105

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812320 - Drycleaning and Laundry Services

Loan Approval Date

4/21/2003

Loan Approval Gross Amount

$76,600

Loan Approval from the SBA

Of the total $76,600 loan amount, the SBA guaranteed $65,110.

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 only one employee. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

While you may be able to find business people willing to loan money, 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.

Related Links:

Business Line of Credit

Best Banks for Small Business in Clayton, Missouri

SBA Missouri Lenders