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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 > Tax Return Preparation Services Loan | ||||
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Getting an SBA Loan in Marshfield, Missouri
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Southern Missouri Bank - Marshfi Gives Bank Loan to Tax Return Preparation Services CompanyMissouriBank loans are available to Missouri firms through the SBA. In this case, a Missouri bank provides the loan. By giving the right information to Southern Missouri Bank - Marshfi, this Marshfield, Missouri business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: TAX RETURN PREPARATION SERVICES SBA Loan Lender SOUTHERN MISSOURI BANK - MARSHFI This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA 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. SIC Code 7291 - Tax Return Preparation Services NAICS Code 541219 - Accounting Services Loan Approval Date 10/31/2000 Loan Approval Gross Amount $16,100 Loan Approval from the SBA Of the total $16,100 loan amount, the SBA guaranteed $12,880. 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 2 employees. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Small Bank Loans in Marshfield, Missouri Getting an SBA Loan in Missouri
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