Entrepreneur Works With Washington, Missouri Bank to Get an SBA Loan

Thinking about meeting with a Washington, Missouri bank about a small business loan? Here's one Missouri business loan, issued by a Washington bank, that was approved by the SBA.

Applying for an SBA loan with Bank Of Washington worked out well for our friends at one local company in St. Louis, Missouri. They got an SBA loan for $240,000. Great job!

SBA Loan Borrower

COMPANY TYPE: HOME FURNISHINGS STORES
ST. LOUIS, MO 63143

SBA Loan Lender

BANK OF WASHINGTON
200 W MAIN ST
WASHINGTON, MO 63090

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442299 - Home Furnishings Stores

Loan Approval Date

11/9/2004

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $180,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in St. Louis MO, you ought to talk with a local St. Louis SBA lender or talk with an out-of-area SBA lender that has previously loaned money to St. Louis businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $240,000 loan. Remember, things become real when you believe you can achieve them!

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:

Family and Friend Investors - Your First Financiers

SBA 7A Lenders in Washington, Missouri

Getting an SBA Loan in Missouri