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May 14, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Perryville, Business Loans > The Bank Of Missouri Perryville Business Loans > General Medical And Surgical Hospitals Loan | ||||
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Missouri Business Loan from The Bank Of Missouri
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Business Loan from The Bank Of Missouri Given to General Medical And Surgical Hospitals CompanyThe Bank Of Missouri and the SBA work together to get business loans for growing small businesses. Here's an example of how a Missouri entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Columbia, Missouri was able to borrow $116,900 from The Bank Of Missouri. The SBA made the loan possible by guaranteeing $58,450 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL MEDICAL AND SURGICAL HOSPITALS SBA Loan Lender THE BANK OF MISSOURI This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 622110 - General Medical and Surgical Hospitals Loan Approval Date 6/14/2007 Loan Approval Gross Amount $116,900 Loan Approval from the SBA Of the total $116,900 loan amount, the SBA guaranteed $58,450. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Dealing With Venture Capitalists Browse All Business Loan Sources for Missouri
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