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May 18, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Osage Beach, Business Loans > First Bank Of The Lake Osage Beach Business Loans > Mobile Food Services Loan | ||||
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Tips for Small Business Owners On Getting a Loan
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Mobile Food Services Commercial LoansLooking for commercial loans for mobile food services? The SBA may be the answer. This $55,000 mobile food services loan was issued by a Missouri bank. This business knew how to go about getting a business bank loan. Based in Kaiser, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was First Bank Of The Lake, based in Osage Beach, Missouri. SBA Loan Borrower COMPANY TYPE: MOBILE FOOD SERVICES SBA Loan Lender FIRST BANK OF THE LAKE This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722330 - Mobile Food Services Loan Approval Date 9/23/2005 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $46,750. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Osage Beach, Missouri
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