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May 17, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Reeds Spring, Business Loans > Great Southern Bank Reeds Spring Business Loans > Local Trucking Without Storage Loan | ||||
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Great Southern Bank Commercial Loans
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Loans for Specialized Local Freight TruckingLooking for loans for specialized local freight trucking? Try the SBA. This $47,000 specialized local freight trucking loan was issued by a Missouri bank. This company knew how to go about getting a business bank loan. Based in Springfield, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Great Southern Bank, based in Reeds Spring, Missouri. SBA Loan Borrower COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE SBA Loan Lender GREAT SOUTHERN BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4212 - Local Trucking Without Storage NAICS Code 484220 - Specialized Local Freight Trucking Loan Approval Date 6/16/2004 Loan Approval Gross Amount $47,000 Loan Approval from the SBA Of the total $47,000 loan amount, the SBA guaranteed $39,950. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add 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. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: Role of Business Plan When Raising Money Banks in Reeds Spring, Missouri
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