St. Robert, Missouri Business Gets SBA-Guaranteed Funding from Mid America Bank & Trust

Mid America Bank & Trust has a track record as a leading provider of SBA loans. Find out how this Missouri entrepreneur received an SBA loan from them.

This small firm knew how to go about getting a business bank loan. Based in St. Robert, Missouri, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Mid America Bank & Trust, based in Dixon, Missouri.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
ST. ROBERT, MO 65584

SBA Loan Lender

MID AMERICA BANK & TRUST
216 W SECOND ST
DIXON, MO 65459

This lender issued this loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/26/2002

Loan Approval Gross Amount

$1,675,000

Loan Approval from the SBA

Of the total $1,675,000 loan amount, the SBA guaranteed $999,975.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 14 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Raising Venture Capital

SBA Participating Banks in Dixon, Missouri

Getting an SBA Loan in Missouri