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December 20, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Town And Country, Business Loans > St. Louis Bank Town And Country Business Loans > Car Washes Loan | ||||
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Town And Country, Missouri Bank for SBA Loans
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Town And Country, Missouri Bank Gives SBA Loan to Car Washes CompanyA Town And Country, Missouri business loan can be yours. Learn how a company got a $1,297,000 business loan from this Missouri bank. This loan to an entrepreneur is a good example of an SBA loan. St. Louis Bank made the loan and the SBA guaranteed a portion of the loan. Many other Missouri entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender ST. LOUIS BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 11/14/2005 Loan Approval Gross Amount $1,297,000 Loan Approval from the SBA Of the total $1,297,000 loan amount, the SBA guaranteed $972,750. 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 3 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. St. Louis Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, St. Louis Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: SBA 7A Banks for Town And Country, Missouri Loans
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