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November 15, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Belleville, Business Loans > Southwest Bank Of St. Louis Belleville Business Loans > Paint And Coating Manufacturing Loan | ||||
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St. Ann, Missouri Bank Loan
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Paint and Coating Manufacturing LoansLooking for loans for paint and coating manufacturing? Try the SBA. This $269,000 paint and coating manufacturing loan was issued by an Illinois bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in St. Ann, Missouri was able to borrow $269,000 from Southwest Bank Of St. Louis. The SBA made the loan possible by guaranteeing $201,750 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: PAINT AND COATING MANUFACTURING SBA Loan Lender SOUTHWEST BANK OF ST. LOUIS This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 325510 - Paint and Coating Manufacturing Loan Approval Date 5/11/2004 Loan Approval Gross Amount $269,000 Loan Approval from the SBA Of the total $269,000 loan amount, the SBA guaranteed $201,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. While you may be able to find other ways to get money to start a business, 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: Obtaining Funding - Friends and Family SBA 7A Banks in Belleville, Illinois
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