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May 16, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Knob Noster, Business Loans > First Community Bank Knob Noster Business Loans > Limited-Service Restaurants Loan | ||||
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First Community Bank Small Business Loan
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SBA Loans for Limited-Service RestaurantsWith these SBA loans for limited-service restaurants, the SBA guarantees the lender that the loan will be repaid. This limited-service restaurants loan for $25,000 was given to a Missouri entrepreneur in 2006. Getting a small business loan in Knob Noster (rr Name Knobnoste, Missouri was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from First Community Bank, operating out of Knob Noster, Missouri. Here are the details on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender FIRST COMMUNITY BANK The lender provided this small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/4/2006 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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 only one employee. The SBA loan documents indicated that the loan would help create 1 new job. Start the Process for Getting an SBA Loan Today! If you are working on finding money to start a business in Knob Noster (rr Name Knobnoste MO, you ought to talk with a local Knob Noster (rr Name Knobnoste SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Knob Noster (rr Name Knobnoste businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Community Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Family and Friend Investors - Your First Financiers Small Business Banks in Knob Noster, Missouri
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