First Home Savings Bank SBA Loan to Eating Places Company

An SBA loan from First Home Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mountain Grove, Missouri business owner got a $114,000 loan.

Getting a small business loan in Mountain Grove, Missouri was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from First Home Savings Bank, operating out of Mountain Grove, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
MOUNTAIN GROVE, MO 65711

SBA Loan Lender

FIRST HOME SAVINGS BANK
142 E 1ST ST
MOUNTAIN GROVE, MO 65711

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.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/1/2000

Loan Approval Gross Amount

$114,000

Loan Approval from the SBA

Of the total $114,000 loan amount, the SBA guaranteed $85,500.

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 9 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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.

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