Loan Census Banking News and Information
May 17, 2024  
 
 
  Business Loan Information  
 

Good Banks for Mt. Vernon Entrepreneurs

 

 
Loan Census SBA Loan Info

Metal Tank Manufacturing SBA Loans

Looking for SBA loans for metal tank manufacturing? An SBA loan may be just what you've been looking for. This $200,000 metal tank manufacturing loan was issued by a Missouri bank.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Citizens National Bank - Springfield, out of Springfield, Missouri. The loan was granted and they received $200,000 to help grow their Mt. Vernon, Missouri business.

SBA Loan Borrower

COMPANY TYPE: FABRICATED PLATE WORK
MT. VERNON, MO 65712

SBA Loan Lender

CITIZENS NATIONAL BANK - SPRINGFIELD
1465 E SUNSHINE
SPRINGFIELD, MO 65804

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3443 - Fabricated Plate Work

NAICS Code

332420 - Metal Tank Manufacturing

Loan Approval Date

5/10/2002

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 35 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

This SBA loan was for $200,000. How would you spend $200,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Obtaining Funding - How to Decide How Much to Raise

Find an SBA Lender in Springfield, Missouri

Missouri SBA 7A Lenders