Business Loan from Southern Missouri Bank - Marshfi Given to Direct Mail Advertising Services Company

An SBA loan from Southern Missouri Bank - Marshfi typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hollister, Missouri business owner got a $830,000 loan.

This business knew how to go about getting a business bank loan. Based in Hollister, Missouri, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Southern Missouri Bank - Marshfi, based in Marshfield, Missouri.

SBA Loan Borrower

COMPANY TYPE: DIRECT MAIL ADVERTISING SERVICES
HOLLISTER, MO 65672

SBA Loan Lender

SOUTHERN MISSOURI BANK - MARSHFI
1292 BANNING ST
MARSHFIELD, MO 65706

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7331 - Direct Mail Advertising Services

NAICS Code

511140 - Database and Directory Publishers

Loan Approval Date

10/31/2000

Loan Approval Gross Amount

$830,000

Loan Approval from the SBA

Of the total $830,000 loan amount, the SBA guaranteed $622,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 19 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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 $830,000 loan. Remember, where there is a will, there is a way!

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.

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