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May 9, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Carthage, Business Loans > Southwest Missouri Bank Carthage Business Loans > Floor Covering Stores Loan | ||||
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Carthage Lenders
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Carthage, Missouri Lender Lends Money to Floor Covering Stores CompanyFind Carthage, Missouri banks that specialize in SBA loans and know how to work with entrepreneurs. Southwest Missouri Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Carl Junction, Missouri starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Southwest Missouri Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: FLOOR COVERING STORES SBA Loan Lender SOUTHWEST MISSOURI BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 442210 - Floor Covering Stores Loan Approval Date 5/4/2005 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the funding would help generate 1 new job. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Southwest Missouri Bank and they will explain how you can get an SBA loan for your company. 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
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