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May 15, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Chesterfield, Business Loans > Bank Midwest Chesterfield Business Loans > Sporting Goods Stores And Bicycle Shops Loan | ||||
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How to Get SBA Loans in Chesterfield, Missouri
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Loans for Sporting Goods StoresLooking for loans for sporting goods stores? Try the SBA. This $156,500 sporting goods stores loan was issued by a Missouri bank. This company 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 $156,500 to help grow their Chesterfield, Missouri business. SBA Loan Borrower COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS SBA Loan Lender BANK MIDWEST This bank loan 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 5941 - Sporting Goods Stores and Bicycle Shops NAICS Code 451110 - Sporting Goods Stores Loan Approval Date 9/29/2000 Loan Approval Gross Amount $156,500 Loan Approval from the SBA Of the total $156,500 loan amount, the SBA guaranteed $117,375. 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 business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 Bank Midwest 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 for Small Business in Chesterfield, Missouri
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