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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 > Heartland Bank Saint Louis Business Loans > Women, Children, And Infants Clothing And Accessories Merchant Wholesaler Loan | ||||
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Heartland Bank Small Business Loan
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Where to Get Capital for Women, Children, and Infants Clothing and Accessories Merchant WholesalerLooking for SBA loans for women, children, and infants clothing and accessories merchant wholesaler? Try the SBA. This $45,000 women, children, and infants clothing and accessories merchant wholesaler loan was issued by a Missouri bank. Getting a small business loan in St Louis, Missouri was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Heartland Bank, operating out of Saint Louis, Missouri. Here are the details on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: WOMEN, CHILDREN, AND INFANTS CLOTHING AND ACCESSORIES MERCHANT WHOLESALER SBA Loan Lender HEARTLAND BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424330 - Women, Children, and Infants Clothing and Accessories Merchant Wholesaler Loan Approval Date 3/23/2004 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $38,250. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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 7A Lenders in Saint Louis, Missouri Find an SBA Lender in Missouri
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