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May 9, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Direct Selling Establishments Loan | ||||
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Examples of Amarillo SBA Loans
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Get an SBA Loan for Direct Selling EstablishmentsWith these loans for direct selling establishments, the SBA guarantees the lender that the loan will be repaid. This direct selling establishments loan for $98,600 was given to a Texas entrepreneur in 2001. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Ge Cap. Small Business Finan Corp, out of St. Louis, Missouri. The loan was granted and they received $98,600 to help grow their Amarillo, Texas business. SBA Loan Borrower COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454390 - Direct Selling Establishments Loan Approval Date 5/11/2001 Loan Approval Gross Amount $98,600 Loan Approval from the SBA Of the total $98,600 loan amount, the SBA guaranteed $83,810. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $98,600. How would you spend $98,600 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Obtaining Funding - How to Decide How Much to Raise Small Business Banks in St. Louis, Missouri
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