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May 14, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Kirksville, Business Loans > Bank Of Kirksville Kirksville Business Loans > Commercial And Institutional Building Construction Loan | ||||
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Bank Of Kirksville SBA Loan Green City, MO
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SBA Loan from Bank Of Kirksville Helps Commercial And Institutional Building Construction CompanyAn SBA loan from Bank Of Kirksville typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Green City, Missouri business owner got a $45,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Green City, Missouri was able to borrow $45,000 from Bank Of Kirksville. The SBA made the loan possible by guaranteeing $38,250 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INSTITUTIONAL BUILDING CONSTRUCTION SBA Loan Lender BANK OF KIRKSVILLE This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 236220 - Commercial and Institutional Building Construction Loan Approval Date 7/30/2003 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $38,250. 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. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $45,000 loan. Remember, you control your own destiny. 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 Kirksville, Missouri Where to Get an SBA Loan Missouri
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