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May 14, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Chesterfield, Business Loans > Bank Midwest Chesterfield Business Loans > Plumbing Fixture Fittings And Trim Loan | ||||
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Bank Midwest Small Business St. Louis
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St. Louis, Missouri Business Gets SBA-Guaranteed Funding from Bank MidwestBank Midwest is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Missouri entrepreneur who tapped into the power of SBA loans. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Bank Midwest, out of Chesterfield, Missouri. The loan was granted and they received $250,000 to help grow their St. Louis, Missouri business. SBA Loan Borrower COMPANY TYPE: PLUMBING FIXTURE FITTINGS AND TRIM SBA Loan Lender BANK MIDWEST This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3432 - Plumbing Fixture Fittings and Trim Loan Approval Date 9/29/2000 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. 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 5 employees. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 Chesterfield, Missouri Banks for Small Business
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