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May 18, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Springfield, Business Loans > Liberty Bank Springfield Business Loans > Computer Rental And Leasing Loan | ||||
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Liberty Bank
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Liberty Bank SBA Loan to Computer Rental And Leasing CompanyAn SBA loan from Liberty Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an El Dorado Springs, Missouri business owner got a $68,500 loan. This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Liberty Bank, out of Springfield, Missouri. The loan was granted and they received $68,500 to help grow their El Dorado Springs, Missouri business. SBA Loan Borrower COMPANY TYPE: COMPUTER RENTAL AND LEASING SBA Loan Lender LIBERTY BANK 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 7377 - Computer Rental and Leasing NAICS Code 532420 - Office Machinery and Equipment Rental and Leasing Loan Approval Date 5/1/2000 Loan Approval Gross Amount $68,500 Loan Approval from the SBA Of the total $68,500 loan amount, the SBA guaranteed $54,800. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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 $68,500 loan. Remember, you control your own destiny. 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 Springfield, Missouri
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