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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 > Elevator And Moving Stairway Manufacturing Loan | ||||
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Southwest Bank Of St. Louis Small Business Loans Saint Louis, Missouri
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Business Loan from Southwest Bank Of St. Louis Given to Elevator And Moving Stairway Manufacturing CompanySouthwest Bank Of St. Louis 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. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Saint Louis, Missouri was able to borrow $935,000 from Southwest Bank Of St. Louis. The SBA made the loan possible by guaranteeing $701,250 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: ELEVATOR AND MOVING STAIRWAY MANUFACTURING SBA Loan Lender SOUTHWEST BANK OF ST. LOUIS This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333921 - Elevator and Moving Stairway Manufacturing Loan Approval Date 8/5/2004 Loan Approval Gross Amount $935,000 Loan Approval from the SBA Of the total $935,000 loan amount, the SBA guaranteed $701,250. 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 10 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Family and Friend Investors - Your First Financiers Small Business Banks in Saint Louis, Missouri
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