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April 27, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Creve Coeur, Business Loans > First Bank Creve Coeur Business Loans > Men's And Boys' Clothing And Furnishing Wholesalers Loan | ||||
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Creve Coeur, Missouri SBA Lenders
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Entrepreneur Works With Creve Coeur, Missouri Bank to Get an SBA LoanA Creve Coeur, Missouri business loan can be yours. Learn how a business got a $750,000 business loan from this Missouri bank. This loan to an entrepreneur is a good example of an SBA loan. First Bank made the loan and the SBA guaranteed a portion of the loan. Many other California entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: MEN'S AND BOYS' CLOTHING AND FURNISHING WHOLESALERS SBA Loan Lender FIRST BANK This lender issued this loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 422320 - Men's and Boys' Clothing and Furnishing Wholesalers Loan Approval Date 5/29/2002 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $562,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $750,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Best Creve Coeur, Missouri Banks for Small Business
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