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May 17, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Columbia, Business Loans > Boone Cnty National Bank - Columbia Columbia Business Loans > Machine Tool Manufacturing Loan | ||||
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What Does It Take to Get a Business Loan in Columbia, Missouri?
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Machine Tool Manufacturing LoansLooking for loans for machine tool manufacturing? Try the SBA. This $127,800 machine tool manufacturing loan was issued by a Missouri bank. This company knew how to go about getting a business bank loan. Based in Columbia, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Boone Cnty National Bank - Columbia, based in Columbia, Missouri. SBA Loan Borrower COMPANY TYPE: MACHINE TOOL MANUFACTURING SBA Loan Lender BOONE CNTY NATIONAL BANK - COLUMBIA This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 333512 - Machine Tool Manufacturing Loan Approval Date 7/13/2006 Loan Approval Gross Amount $127,800 Loan Approval from the SBA Of the total $127,800 loan amount, the SBA guaranteed $63,900. 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 application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 $127,800 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 Approved Banks in Columbia, Missouri Where to Get an SBA Loan Missouri
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