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May 14, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Carthage, Business Loans > Southwest Missouri Bank Carthage Business Loans > Concrete Work Loan | ||||
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Missouri SBA 7A Lenders
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Carthage, Missouri Bank Lends Money to Concrete Work Company in Granby, MissouriGet to know Carthage, Missouri banks that specialize in small business loans and know how to work with entrepreneurs. Southwest Missouri Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Granby, Missouri starts with an understanding of who else has gotten loans in the area. In this case, a small company 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: CONCRETE WORK SBA Loan Lender SOUTHWEST 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. SIC Code 1771 - Concrete Work NAICS Code 238110 - Poured Concrete Foundation and Structure Contractors Loan Approval Date 2/26/2004 Loan Approval Gross Amount $27,000 Loan Approval from the SBA Of the total $27,000 loan amount, the SBA guaranteed $22,950. 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 2 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees 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. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Southwest Missouri Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Banks in Carthage, Missouri
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