Loan Census Banking News and Information
May 22, 2024  
  Business Loan Information  

Best Banks for Joplin, Missouri Small Business Owners


Loan Census SBA Loan Info

General Automotive Repair Loans

Looking for loans for general automotive repair? The SBA may be the answer. This $147,300 general automotive repair loan was issued by an Arkansas bank.

Getting a small business loan in Joplin, Missouri was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Arvest Bank, operating out of Eureka Springs, Arkansas. Here are the details on this Missouri small business loan.

SBA Loan Borrower

JOPLIN, MO 64804

SBA Loan Lender


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

7538 - General Automotive Repair Shops


811111 - General Automotive Repair

Loan Approval Date


Loan Approval Gross Amount


Loan Approval from the SBA

Of the total $147,300 loan amount, the SBA guaranteed $110,475.

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 only one employee. The SBA loan documents did not indicate that the company planned to use the funding to add employees 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.

We can help you find the best banks for small businesses in Joplin or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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 news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. 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:

Obtaining Funding From a Venture Capitalist

SBA Approved Banks in Eureka Springs, Arkansas

Arkansas SBA 7A Lenders