SBA Loan from Bremen Bank And Trust Company Helps Process Control And Industrial Instruments Company
Bremen Bank And Trust Company is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Missouri entrepreneur who tapped into the power of SBA loans.
Getting a small business loan in St. Louis, Missouri was an essential business goal for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bremen Bank And Trust Company, operating out of Saint Louis, Missouri. Here are the details on this Missouri small business loan.
SBA Loan Borrower
COMPANY TYPE: PROCESS CONTROL AND INDUSTRIAL INSTRUMENTS
ST. LOUIS, MO 63132
SBA Loan Lender
BREMEN BANK AND TRUST COMPANY
3529 N BROADWAY
SAINT LOUIS, MO 63147
This SBA 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.
SIC Code
3823 - Process Control and Industrial Instruments
NAICS Code
334513 - Industrial Process Measurement, Display and Control Instruments
Loan Approval Date
7/18/2002
Loan Approval Gross Amount
$550,000
Loan Approval from the SBA
Of the total $550,000 loan amount, the SBA guaranteed $412,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 45 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Many small businesses receive loans backed by the U.S. Small Business Administration.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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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