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May 17, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Jefferson City, Business Loans > Exch National Bank - Jefferson City Jefferson City Business Loans > Business Support Services Loan | ||||
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Missouri SBA 7A Lenders
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Jefferson City, Missouri Bank Gives SBA Loan to Business Support Services CompanyWant to talk with a Jefferson City, Missouri bank about a business loan? Here's one Missouri business loan, issued by a Jefferson City bank, that was approved by the SBA. Applying for an SBA loan with Exch National Bank - Jefferson City worked out well for our friends at one local firm in Lohman, Missouri. The business was able to get an SBA loan for $73,000. Sweet! SBA Loan Borrower COMPANY TYPE: BUSINESS SUPPORT SERVICES SBA Loan Lender EXCH NATIONAL BANK - JEFFERSON CITY This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 561499 - Business Support Services Loan Approval Date 12/3/2002 Loan Approval Gross Amount $73,000 Loan Approval from the SBA Of the total $73,000 loan amount, the SBA guaranteed $36,500. 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 2 employees. The SBA loan application for the borrower indicated that the funding would help generate 2 new jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Exch National Bank - Jefferson City that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Best Banks for Small Business in Jefferson City, Missouri
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