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May 17, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Wellsville, Business Loans > American Bank Of Missouri Wellsville Business Loans > Specialized Local Freight Trucking Loan | ||||
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SBA 7A Banks in Missouri
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Borrowing Money for Specialized Local Freight TruckingLooking for loans for specialized local freight trucking? Try the SBA. This $173,275 specialized local freight trucking loan was issued by a Missouri bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Winfield, Missouri was able to borrow $173,275 from American Bank Of Missouri. The SBA made the loan possible by guaranteeing $147,283 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: SPECIALIZED LOCAL FREIGHT TRUCKING SBA Loan Lender AMERICAN BANK OF MISSOURI 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. NAICS Code 484220 - Specialized Local Freight Trucking Loan Approval Date 4/13/2005 Loan Approval Gross Amount $173,275 Loan Approval from the SBA Of the total $173,275 loan amount, the SBA guaranteed $147,283. 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 only one employee. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 $173,275 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 Participating Banks in Wellsville, Missouri
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