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May 17, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Marshfield, Business Loans > Southern Missouri Bank - Marshfi Marshfield Business Loans > Eating Places Loan | ||||
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Southern Missouri Bank - Marshfi Marshfield, Missouri
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Business Loan from Southern Missouri Bank - Marshfi Given to Eating Places CompanySouthern Missouri Bank - Marshfi has a track record as a leading provider of SBA loans. Find out how this Missouri entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Marshfield, Missouri was able to borrow $145,000 from Southern Missouri Bank - Marshfi. The SBA made the loan possible by guaranteeing $123,250 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender SOUTHERN MISSOURI BANK - MARSHFI This lender issued this particular 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 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 4/23/2001 Loan Approval Gross Amount $145,000 Loan Approval from the SBA Of the total $145,000 loan amount, the SBA guaranteed $123,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to find business people willing to loan money, 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: Find an SBA Lender in Marshfield, Missouri
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