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May 9, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Lessors Of Real Estate Property Loan | ||||
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Ge Cap. Small Business Finan Corp SBA Loans
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Lessors of Real Estate Property Small Business LoansLooking for small business loans for lessors of real estate property? The SBA may be the answer. This $485,000 lessors of real estate property loan was issued by a Missouri bank. This small firm received financial assistance through the SBA's lending programs back in 2004. 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 $485,000 to help grow their Jackson (cassville), New Jersey business. SBA Loan Borrower COMPANY TYPE: LESSORS OF REAL ESTATE PROPERTY SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 531190 - Lessors of Real Estate Property Loan Approval Date 12/6/2004 Loan Approval Gross Amount $485,000 Loan Approval from the SBA Of the total $485,000 loan amount, the SBA guaranteed $363,750. 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 only one employee. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Ge Cap. Small Business Finan Corp so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 St. Louis, Missouri Banks for Small Business
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