 |
 |
May 17, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Missouri Business Loan Sources > Kansas City, Business Loans > Umb Bank Kansas City Business Loans > Special Trade Contractors Loan | ||||
 |
||||
Kansas City SBA Loans
|
||||
 |
Missouri Bank Loan Issued to Special Trade Contractors CompanyBank loans in Missouri are hard to find these days. We take a look at one Missouri bank loan, provided by a Missouri bank, that was approved by the SBA. This company, based in Kansas City, Missouri, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Umb Bank. We've got the inside scoop on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: SPECIAL TRADE CONTRACTORS SBA Loan Lender UMB BANK This loan for a small business 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 1799 - Special Trade Contractors NAICS Code 238990 - Specialty Trade Contractors Loan Approval Date 9/15/2005 Loan Approval Gross Amount $340,000 Loan Approval from the SBA Of the total $340,000 loan amount, the SBA guaranteed $255,000. 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 20 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $340,000 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: Small Business Banks in Kansas City, Missouri
|
|
||
|
||||
|
|
||||