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May 13, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Mountain Grove, Business Loans > First Home Savings Bank Mountain Grove Business Loans > Animal Farms Loan | ||||
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Missouri SBA Banks
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Mountain Grove, Missouri Bank Lends Money to Animal Farms Company in Mountain Grove, MissouriWant to talk with a Mountain Grove, Missouri bank about an SBA loan? Here's one Missouri business loan, issued by a Mountain Grove bank, that was approved by the SBA. Applying for an SBA loan with First Home Savings Bank worked out well for our friends at one local business in Mountain Grove, Missouri. They got an SBA loan for $20,500. Sweet! SBA Loan Borrower COMPANY TYPE: ANIMAL FARMS SBA Loan Lender FIRST HOME SAVINGS BANK This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0291 - Animal Farms NAICS Code 112990 - Animal Production Loan Approval Date 3/12/2004 Loan Approval Gross Amount $20,500 Loan Approval from the SBA Of the total $20,500 loan amount, the SBA guaranteed $17,425. 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 application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from First Home Savings Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Good Banks for Small Business in Mountain Grove, Missouri Getting a Business Loan in Missouri
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