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May 17, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Higginsville, Business Loans > First Community Bank Higginsville Business Loans > Motor Vehicle Towing Loan | ||||
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Raising Money in Odessa, Missouri With SBA Loans
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Motor Vehicle Towing Business LoansLooking for business loans for motor vehicle towing? The SBA may be the answer. This $256,100 motor vehicle towing loan was issued by a Missouri bank. This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First Community Bank, out of Higginsville, Missouri. The loan was granted and they received $256,100 to help grow their Odessa, Missouri business. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE TOWING SBA Loan Lender FIRST COMMUNITY BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 488410 - Motor Vehicle Towing Loan Approval Date 9/1/2006 Loan Approval Gross Amount $256,100 Loan Approval from the SBA Of the total $256,100 loan amount, the SBA guaranteed $192,075. 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 3 employees. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Community Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Realistic Debt Financing Options Who Lends Money to Small Businesses in Higginsville, Missouri
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