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May 18, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Cassville, Business Loans > Freedom Bank - Southern Missouri Cassville Business Loans > Florists Loan | ||||
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SBA Lenders in Missouri
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Commercial Loans for FloristsLooking for commercial loans for florists? An SBA loan may be just what you've been looking for. This $59,500 florists loan was issued by a Missouri bank. This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Freedom Bank - Southern Missouri, out of Cassville, Missouri. The loan was granted and they received $59,500 to help grow their Cassville, Missouri business. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender FREEDOM BANK - SOUTHERN MISSOURI This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5992 - Florists NAICS Code 453110 - Florists Loan Approval Date 9/18/2002 Loan Approval Gross Amount $59,500 Loan Approval from the SBA Of the total $59,500 loan amount, the SBA guaranteed $50,575. 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 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $59,500 loan. Remember, where there is a will, there is a way! 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 Participating Banks in Cassville, Missouri
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