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May 17, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Springfield, Business Loans > Village Bank Springfield Business Loans > Carwashes Loan | ||||
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SBA Lender Springfield Missouri
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Car Washes Commercial LoansLooking for commercial loans for car washes? Try the SBA. This $556,600 car washes loan was issued by a Missouri bank. Getting a small business loan in Springfield, Missouri was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Village Bank, operating out of Springfield, Missouri. Here are the details on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: CARWASHES SBA Loan Lender VILLAGE BANK This 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 7542 - Carwashes NAICS Code 811192 - Car Washes Loan Approval Date 10/16/2001 Loan Approval Gross Amount $556,600 Loan Approval from the SBA Of the total $556,600 loan amount, the SBA guaranteed $417,450. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $556,600 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Lenders in Springfield, Missouri Getting an SBA Loan in Missouri
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