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May 17, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Springfield, Business Loans > Liberty Bank Springfield Business Loans > Personal Services Loan | ||||
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Small Business Banks for Monett Small Business Owners
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Borrowing Money for Formal Wear and Costume RentalLooking for loans for formal wear and costume rental? The SBA may be the answer. This $15,000 formal wear and costume rental loan was issued by a Missouri bank. This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Liberty Bank, out of Springfield, Missouri. The loan was granted and they received $15,000 to help grow their Monett, Missouri business. SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender LIBERTY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7299 - Personal Services NAICS Code 532220 - Formal Wear and Costume Rental Loan Approval Date 12/2/2002 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $12,750. 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 2 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Liberty 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. Related Links: Best Springfield, Missouri Banks for Small Business
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