Kansas City, Missouri Bank Lends Money to Sawmills And Planing Mills, General Company in Carrollton, Missouri
A Kansas City, Missouri business loan can be yours. Learn how a company got a $250,000 business loan from this Missouri bank.
This loan to a local firm is a good example of an SBA loan. Bank Of Weston made the loan and the SBA guaranteed a portion of the loan. Many other Missouri entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: SAWMILLS AND PLANING MILLS, GENERAL
CARROLLTON, MO 64633
SBA Loan Lender
BANK OF WESTON
8800 NW 112TH ST
KANSAS CITY, MO 64153
This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
2421 - Sawmills and Planing Mills, General
113310 - Logging
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $225,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 24 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees 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.
We can help you find the best banks for small businesses in Carrollton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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.
SBA Approved Banks in Kansas City, Missouri
Missouri SBA 7A Lenders