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May 7, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Lithographic Commercial Printing Loan | ||||
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St. Louis SBA Lenders
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Entrepreneur Works With St. Louis, Missouri Bank to Get an SBA LoanWant to talk with a St. Louis, Missouri bank about an SBA loan? Here's one Maryland business loan, issued by a St. Louis bank, that was approved by the SBA. Applying for an SBA loan with Ge Cap. Small Business Finan Corp worked out well for our friends at one local business in Beltsville, Maryland. They received an SBA loan for $477,600. Way to go! SBA Loan Borrower COMPANY TYPE: LITHOGRAPHIC COMMERCIAL PRINTING SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide 7A business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2752 - Lithographic Commercial Printing NAICS Code 323114 - Quick Printing Loan Approval Date 7/18/2001 Loan Approval Gross Amount $477,600 Loan Approval from the SBA Of the total $477,600 loan amount, the SBA guaranteed $358,200. More Information on This SBA Loan The borrower borrowed this money for an existing 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 35 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 Approved Banks in St. Louis, Missouri Where to Get an SBA Loan Missouri
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