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December 23, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Maryland Heights, Business Loans > Commercial Bank Maryland Heights Business Loans > Full-Service Restaurants Loan | ||||
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Missouri SBA Banks
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Entrepreneur Works With Maryland Heights, Missouri Bank to Get an SBA LoanWant to talk with a Maryland Heights, Missouri bank about a small business loan? Here's one Missouri business loan, issued by a Maryland Heights bank, that was approved by the SBA. Applying for an SBA loan with Commercial Bank worked out well for our friends at one local business in St. Louis, Missouri. The business was able to get an SBA loan for $80,000. Nice! SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender COMMERCIAL BANK This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 12/27/2001 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in St. Louis or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Who Lends Money to Small Businesses in Maryland Heights, Missouri
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