How to Get a Loan for Canvas and Related Product Mills

With these SBA loans for canvas and related product mills, the SBA guarantees the lender that the loan will be repaid. This canvas and related product mills loan for $55,000 was given to a Missouri entrepreneur in 2004.

Getting a small business loan in St. Joseph, Missouri was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First Bank Of Missouri, operating out of Gladstone, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: CANVAS AND RELATED PRODUCT MILLS
ST. JOSEPH, MO 64506

SBA Loan Lender

FIRST BANK OF MISSOURI
7001 N OAK TFWY
GLADSTONE, MO 64118

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

314912 - Canvas and Related Product Mills

Loan Approval Date

3/24/2004

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

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Find an SBA Lender in Gladstone, Missouri

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