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May 18, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Springfield, Business Loans > Liberty Bank Springfield Business Loans > Family Clothing Stores Loan | ||||
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Springfield, Missouri SBA Banks
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Springfield, Missouri Bank Gives SBA Loan to Family Clothing Stores CompanyWant to talk with a Springfield, Missouri bank about a business loan? Here's one Missouri business loan, issued by a Springfield bank, that was approved by the SBA. Applying for an SBA loan with Liberty Bank worked out well for our friends at one local firm in Osage Beach, Missouri. They got an SBA loan for $190,700. Awesome! SBA Loan Borrower COMPANY TYPE: FAMILY CLOTHING STORES SBA Loan Lender LIBERTY 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 SBA small business 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. SIC Code 5651 - Family Clothing Stores NAICS Code 448140 - Family Clothing Stores Loan Approval Date 10/1/2003 Loan Approval Gross Amount $190,700 Loan Approval from the SBA Of the total $190,700 loan amount, the SBA guaranteed $143,025. 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 5 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: SBA 7A Banks for Springfield, Missouri Loans Find an SBA Lender in Missouri
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