Store Retailers SBA Loans
With these SBA loans for store retailers, the SBA guarantees the lender that the loan will be repaid. This store retailers loan for $107,000 was given to a Missouri entrepreneur in 2003.
This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Regions Bank, out of Columbia, Missouri. The loan was granted and they received $107,000 to help grow their Kansas City, Missouri business.
SBA Loan Borrower
COMPANY TYPE: STORE RETAILERS
KANSAS CITY, MO 64110
SBA Loan Lender
3111 S PROVIDENCE RD
COLUMBIA, MO 65203
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
453998 - Store Retailers
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $107,000 loan amount, the SBA guaranteed $90,950.
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 3 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
If you are wondering how to raise money for a business in Kansas City MO, you ought to talk with a local Kansas City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Kansas City businesses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Regions Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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.
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