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May 10, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Valley Park, Business Loans > Meramec Valley Bank Valley Park Business Loans > Electrical Contractors Loan | ||||
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Imperial, Missouri Bank Loan
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Electrical Contractors Small Business LoansLooking for small business loans for electrical contractors? Talk to a banker who works with the SBA. This $150,000 electrical contractors loan was issued by a Missouri bank. This small firm knew how to go about getting a business bank loan. Based in Imperial, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Meramec Valley Bank, based in Valley Park, Missouri. SBA Loan Borrower COMPANY TYPE: ELECTRICAL CONTRACTORS SBA Loan Lender MERAMEC VALLEY BANK This lender issued this particular commercial 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 235310 - Electrical Contractors Loan Approval Date 8/2/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $150,000. How would you spend $150,000 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: Realistic Debt Financing Options SBA Approved Banks in Valley Park, Missouri
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