Springfield, Missouri Lender Lends Money to Prepared Feeds & Feed Ingredients For Animals & Fo Company
Thinking about meeting with a Springfield, Missouri bank about a small business loan? Here's one Missouri business loan, issued by a Springfield bank, that was approved by the SBA.
Applying for an SBA loan with Empire Bank worked out well for our friends at one local business in Marshfield, Missouri. They got an SBA loan for $236,000. Great job!
SBA Loan Borrower
COMPANY TYPE: PREPARED FEEDS & FEED INGREDIENTS FOR ANIMALS & FO
MARSHFIELD, MO 65706
SBA Loan Lender
EMPIRE BANK
1800 S GLENSTONE
SPRINGFIELD, MO 65804
This loan 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
2048 - Prepared Feeds & Feed Ingredients for Animals & Fo
NAICS Code
311119 - Animal Food Manufacturing
Loan Approval Date
8/30/2004
Loan Approval Gross Amount
$236,000
Loan Approval from the SBA
Of the total $236,000 loan amount, the SBA guaranteed $177,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had only one employee. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
If you want money for new small business in Marshfield MO, you ought to talk with a local Marshfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Marshfield businesses.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Empire Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Empire Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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 Incubators
Who Lends Money to Small Businesses in Springfield, Missouri
Missouri SBA 7A Lenders