Entrepreneur Works With Saint Louis, Missouri Bank to Get an SBA Loan

Get to know Saint Louis, Missouri banks that specialize in small business loans and know how to work with entrepreneurs. Midwest Bankcentre is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in St. Louis, Missouri starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Midwest Bankcentre. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
ST. LOUIS, MO 63116

SBA Loan Lender

MIDWEST BANKCENTRE
2191 LEMAY FERRY RD
SAINT LOUIS, MO 63125

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

1799 - Special Trade Contractors

Loan Approval Date

6/8/2000

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 17 new jobs and retain 6 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in St. Louis MO, you ought to talk with a local St. Louis SBA lender or talk with an out-of-area SBA lender that has previously loaned money to St. Louis businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Accountant's Role in Securing Financing

Banks in Saint Louis, Missouri

Missouri SBA Banks