Meramec Valley Bank SBA Loan to Testing Laboratories Company

An SBA loan from Meramec Valley Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Wildwood, Missouri business owner got a $100,000 loan.

Getting a small business loan in Wildwood, Missouri was an essential business goal for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Meramec Valley Bank, operating out of Ellisville, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: TESTING LABORATORIES
WILDWOOD, MO 63040

SBA Loan Lender

MERAMEC VALLEY BANK
199 CLARKSON RD
ELLISVILLE, MO 63011

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541380 - Testing Laboratories

Loan Approval Date

9/3/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Wildwood MO, you ought to talk with a local Wildwood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wildwood businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Meramec Valley Bank and they will explain how you can get an SBA loan for your company.

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:

The Friends and Family Network

SBA 7A Lenders in Ellisville, Missouri

SBA Missouri Lenders