Clayton, Missouri Lender Lends Money to Fine Arts Schools Company

Want to talk with a Clayton, Missouri bank about an SBA loan? Here's one Missouri business loan, issued by a Clayton bank, that was approved by the SBA.

Applying for an SBA loan with The Business Bank Of St. Louis worked out well for our friends at one local company in St. Louis, Missouri. They received an SBA loan for $583,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: FINE ARTS SCHOOLS
ST. LOUIS, MO 63119

SBA Loan Lender

THE BUSINESS BANK OF ST. LOUIS
8000 MARYLAND AVE
CLAYTON, MO 63105

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611610 - Fine Arts Schools

Loan Approval Date

11/30/2005

Loan Approval Gross Amount

$583,000

Loan Approval from the SBA

Of the total $583,000 loan amount, the SBA guaranteed $437,250.

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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Business Bank Of St. Louis had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Business Bank Of St. Louis made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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