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May 18, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Salem, Business Loans > Town & Country Bank Salem Business Loans > Video Tape Rental Loan | ||||
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Missouri Bank SBA Loans
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Salem, Missouri Bank Lends Money to Video Tape Rental Company in Licking, MissouriA Salem, Missouri business loan can be yours. Learn how a company got a $13,800 business loan from this Missouri bank. This loan to a local firm is a good example of an SBA loan. Town & Country Bank made the loan and the SBA guaranteed a portion of the loan. Many other Missouri entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: VIDEO TAPE RENTAL SBA Loan Lender TOWN & COUNTRY 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 7841 - Video Tape Rental NAICS Code 532230 - Video Tape and Disc Rental Loan Approval Date 10/21/2003 Loan Approval Gross Amount $13,800 Loan Approval from the SBA Of the total $13,800 loan amount, the SBA guaranteed $11,730. 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 4 employees. This SBA loan request did not indicate that the 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? Every year, the SBA guarantees over $10 billion for loans just like this one. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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:
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