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May 17, 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 > Radio Broadcasting Stations Loan | ||||
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Osage Beach Bank Loan
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Entrepreneur Works With Osage Beach, Missouri Bank to Get an SBA LoanThinking about meeting with an Osage Beach, Missouri bank about a business loan? Here's one Missouri business loan, issued by an Osage Beach bank, that was approved by the SBA. Applying for an SBA loan with First Bank Of The Lake worked out well for our friends at one local company in Kaiser, Missouri. They got an SBA loan for $500,000. Sweet! SBA Loan Borrower COMPANY TYPE: RADIO BROADCASTING STATIONS SBA Loan Lender FIRST BANK OF THE LAKE This lender issued this SBA loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4832 - Radio Broadcasting Stations NAICS Code 515112 - Radio Stations Loan Approval Date 5/29/2003 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 12 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Who Lends Money to Small Businesses in Osage Beach, Missouri Find an SBA Lender in Missouri
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