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May 7, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Clayton, Business Loans > The Business Bank Of St. Louis Clayton Business Loans > Highway, Street, And Bridge Construction Loan | ||||
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Banks in Clayton, Missouri That Make SBA Loans
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Entrepreneur Works With Clayton, Missouri Bank to Get an SBA LoanThinking about meeting with a Clayton, Missouri bank about a small business loan? Here's one Missouri business loan, issued by a Clayton bank, that was approved by the SBA. Applying for an SBA loan with The Business Bank Of St. Louis worked out well for our friends at one local firm in St. Louis, Missouri. The business was able to get an SBA loan for $200,000. Awesome! SBA Loan Borrower COMPANY TYPE: HIGHWAY, STREET, AND BRIDGE CONSTRUCTION SBA Loan Lender THE BUSINESS BANK OF ST. LOUIS The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 237310 - Highway, Street, and Bridge Construction Loan Approval Date 4/11/2007 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 28 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: SBA 7A Lenders in Clayton, Missouri SBA Participating Banks in Missouri
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