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May 17, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Bridgeton, Business Loans > Cass Commercial Bank Bridgeton Business Loans > Food Product Machinery Manufacturing Loan | ||||
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Get a Small Business Loan from Cass Commercial Bank
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Cass Commercial Bank SBA Loan to Food Product Machinery Manufacturing CompanyCass Commercial Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Missouri entrepreneur was able to get a loan to take a small business to the next level. This business knew how to go about getting a business bank loan. Based in Fenton, Missouri, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Cass Commercial Bank, based in Bridgeton, Missouri. SBA Loan Borrower COMPANY TYPE: FOOD PRODUCT MACHINERY MANUFACTURING SBA Loan Lender CASS COMMERCIAL BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333294 - Food Product Machinery Manufacturing Loan Approval Date 10/16/2006 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $450,000. 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 26 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 25 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Cass Commercial Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Advice on Getting a Small Business Loan Good Banks for Small Business in Bridgeton, Missouri Browse All Business Loan Sources for Missouri
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