Rice Milling Bank Loans

Looking for bank loans for rice milling? Talk to a banker who works with the SBA. This $25,000 rice milling loan was issued by a Missouri bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with National City Bank, out of Clayton, Missouri. The loan was granted and they received $25,000 to help grow their St. Louis, Missouri business.

SBA Loan Borrower

COMPANY TYPE: RICE MILLING
ST. LOUIS, MO 63105

SBA Loan Lender

NATIONAL CITY BANK
7801 FORSYTH BLVD
CLAYTON, MO 63105

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311212 - Rice Milling

Loan Approval Date

9/6/2002

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $22,500.

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 5 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like National City Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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