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May 3, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > St. Louis, Business Loans > Allegiant Bank St. Louis Business Loans > Coin-Operated Amusement Devices Loan | ||||
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MO SBA Loans from Allegiant Bank
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St. Louis, Missouri Business Gets SBA-Guaranteed Funding from Allegiant BankAllegiant Bank has a track record as a leading provider of SBA loans. Find out how this Missouri entrepreneur received an SBA loan from them. This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Allegiant Bank, out of St. Louis, Missouri. The loan was granted and they received $78,500 to help grow their St. Louis, Missouri business. SBA Loan Borrower COMPANY TYPE: COIN-OPERATED AMUSEMENT DEVICES SBA Loan Lender ALLEGIANT BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7993 - Coin-Operated Amusement Devices Loan Approval Date 9/8/2000 Loan Approval Gross Amount $78,500 Loan Approval from the SBA Of the total $78,500 loan amount, the SBA guaranteed $62,800. More Information on This SBA Loan The borrower borrowed this money for a new 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 5 employees. The loan application did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This SBA loan was for $78,500. How would you spend $78,500 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: Who Lends Money to Small Businesses in St. Louis, Missouri
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