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May 19, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Salem, Business Loans > Town & Country Bank Salem Business Loans > Excavation Work Loan | ||||
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What Does It Take to Get a Business Loan in Ava, Missouri?
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Site Preparation Contractors Business LoansLooking for business loans for site preparation contractors? The SBA may be the answer. This $81,000 site preparation contractors loan was issued by a Missouri bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ava, Missouri was able to borrow $81,000 from Town & Country Bank. The SBA made the loan possible by guaranteeing $68,850 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: EXCAVATION WORK SBA Loan Lender TOWN & COUNTRY 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 1794 - Excavation Work NAICS Code 238910 - Site Preparation Contractors Loan Approval Date 6/15/2004 Loan Approval Gross Amount $81,000 Loan Approval from the SBA Of the total $81,000 loan amount, the SBA guaranteed $68,850. 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 only one employee. The SBA loan documents did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Town & Country Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Banking Deregulation's Effects on Entrepreneurship Find an SBA Lender in Missouri
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