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May 14, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Poplar Bluff, Business Loans > First Missouri State Bank Poplar Bluff Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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SBA Lenders in Missouri
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Coin-Operated Laundries and Drycleaners Commercial LoansLooking for commercial loans for coin-operated laundries and drycleaners? The SBA may be the answer. This $214,725 coin-operated laundries and drycleaners loan was issued by a Missouri bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sikeston, Missouri was able to borrow $214,725 from First Missouri State Bank. The SBA made the loan possible by guaranteeing $161,044 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender FIRST MISSOURI STATE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 5/20/2005 Loan Approval Gross Amount $214,725 Loan Approval from the SBA Of the total $214,725 loan amount, the SBA guaranteed $161,044. More Information on This SBA Loan The borrower borrowed this money for a new 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 2 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. 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: SBA Approved Banks in Poplar Bluff, Missouri
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