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May 9, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Osceola, Business Loans > St. Clair County State Bank Osceola Business Loans > Plastics And Rubber Industry Machinery Manufacturing Loan | ||||
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Missouri SBA Banks
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Entrepreneur Works With Osceola, Missouri Bank to Get an SBA LoanAn Osceola, Missouri business loan can be yours. Learn how a company got a $35,000 business loan from this Missouri bank. This loan to an entrepreneur is a good example of an SBA loan. St. Clair County State Bank made the loan and the SBA guaranteed a portion of the loan. Many other Missouri 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: PLASTICS AND RUBBER INDUSTRY MACHINERY MANUFACTURING SBA Loan Lender ST. CLAIR COUNTY STATE BANK This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333220 - Plastics and Rubber Industry Machinery Manufacturing Loan Approval Date 5/4/2005 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $29,750. 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 SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like St. Clair County State Bank and they will explain how you can get an SBA loan for your company. 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 Banks in Osceola, Missouri
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