SBA Loan from People's Community State Bank Helps General Merchandise Stores Company

An SBA loan from People's Community State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Poplar Bluff, Missouri business owner got a $54,900 loan.

This business knew how to go about getting a business bank loan. Based in Poplar Bluff, Missouri, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was People's Community State Bank, based in Doniphan, Missouri.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
POPLAR BLUFF, MO 63901

SBA Loan Lender

PEOPLE'S COMMUNITY STATE BANK
JCT HWYS 160 & 142
DONIPHAN, MO 63935

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

8/30/2004

Loan Approval Gross Amount

$54,900

Loan Approval from the SBA

Of the total $54,900 loan amount, the SBA guaranteed $46,665.

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 only one employee. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

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:

The Friends and Family Network

SBA 7A Lenders in Doniphan, Missouri

SBA Participating Banks in Missouri