Sign up for email updates from SBAReceive helpful business tips and upcoming events in your area.

St. Louis District Office
1222 Spruce St Suite 10.103
St. Louis , MO 63103
United States
Phone: 314-539-6600
Hours of Operation:
Monday through Friday from 8:00 AM to 4:30 PM
A Big Year for Little Loans

During FY 2012, SBA’s 7(a) lenders originated 107 loans across eastern Missouri for $50,000.00 or less.  Of those, 56 were revolving lines of credit. 

The following programs were used to originate these loans:

SBA Express – 83 loans
Preferred Lender Program – 4 loans
Standard 7(a) Loan Program – 2 loans
Small Loan Advantage – 3 loans
Patriot Express – 10 loans
Export Working Capital Program – 1 loan
Small/Rural Lender Advantage – 4 loans
Working Capital CAPLine – 1 loan

Of the 374 7(a) loans guaranteed in eastern Missouri during FY 2012, 152 (41%) were originated using the SBA Express loan program; 16 using the new Small Loan Advantage initiative; 16 loans using the Patriot Express program; 34 loans using the Small/Rural Lender Advantage; and only 74 loans (20%) were originated using the standard 7(a) loan program.

“With a desire to increase exporting, we will concentrate on expanding the $2.1 million originated using the International Trade (ITL) loan program during FY 2012,” stated Bob Newman, SBA’s International Trade Officer for eastern Missouri. On a $1 million loan the guaranteed portion would be $750,000 using the standard 7(a) loan program, but with the ITL the guaranteed portion would be $900,000, a $150,000 or 20% difference.  If you sell the guaranteed share of your SBA-guaranteed loans in the secondary market, this could mean a substantial difference given the premiums reportedly being paid today.”

Encore Entrepreneurs

An Introduction to Starting Your Own Business


Need Help Writing a Business Plan? Our step-by-step tool makes it easy.  Start Your plan.

Get Local Assistance Right in Your Area

Counseling, mentoring, and training from an SBA District Office, SCORE Chapter, Small Biz Development Center or Women’s Biz Center in your area.