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May 12, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Saint Louis, Business Loans > Southwest Bank Of St. Louis Saint Louis Business Loans > Amusement And Recreation Services Loan | ||||
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Southwest Bank Of St. Louis Commercial Loans
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Commercial Loans for Recreational Goods RentalLooking for commercial loans for recreational goods rental? Talk to a banker who works with the SBA. This $482,000 recreational goods rental loan was issued by a Missouri bank. This business knew how to go about getting a business bank loan. Based in Kirkwood, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Southwest Bank Of St. Louis, based in Saint Louis, Missouri. SBA Loan Borrower COMPANY TYPE: AMUSEMENT AND RECREATION SERVICES SBA Loan Lender SOUTHWEST BANK OF ST. LOUIS The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide 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. SIC Code 7999 - Amusement and Recreation Services NAICS Code 532292 - Recreational Goods Rental Loan Approval Date 10/18/2002 Loan Approval Gross Amount $482,000 Loan Approval from the SBA Of the total $482,000 loan amount, the SBA guaranteed $361,500. 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 70 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you have been wondering how do i get money to start a business in Kirkwood MO, you ought to talk with a local Kirkwood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Kirkwood businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Southwest Bank Of St. Louis and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Microlending as a Small Business Funding Source Where to Get an SBA Loan in Saint Louis, Missouri
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