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April 28, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Springfield, Business Loans > Mid-Missouri Bank Springfield Business Loans > Tire Retreading Loan | ||||
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Who Can Get a Business Loan in Clinton, Missouri?
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Get an SBA Loan for Tire RetreadingLooking for bank loans for tire retreading? Try the SBA. This $55,000 tire retreading loan was issued by a Missouri bank. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Mid-Missouri Bank, out of Springfield, Missouri. The loan was granted and they received $55,000 to help grow their Clinton, Missouri business. SBA Loan Borrower COMPANY TYPE: TIRE RETREADING SBA Loan Lender MID-MISSOURI 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. NAICS Code 326212 - Tire Retreading Loan Approval Date 3/23/2005 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 an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Banks for Small Business in Springfield, Missouri
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