Loans for Printed Circuit Assembly Manufacturing

With these loans for printed circuit assembly manufacturing, the SBA guarantees the lender that the loan will be repaid. This printed circuit assembly manufacturing loan for $100,000 was given to a Missouri entrepreneur in 2003.

Getting a small business loan in La Grange, Missouri was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from North Adams State Bank, operating out of Ursa, Illinois. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: PRINTED CIRCUIT ASSEMBLY MANUFACTURING
LA GRANGE, MO 63448

SBA Loan Lender

NORTH ADAMS STATE BANK
114 N WARSAW ST
URSA, IL 62376

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.

NAICS Code

334418 - Printed Circuit Assembly Manufacturing

Loan Approval Date

5/22/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 7 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Business Cash Advances

Banks in Ursa, Illinois

Browse All Business Loan Sources for Illinois