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May 18, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Seymour, Business Loans > The Seymour Bank Seymour Business Loans > Roofing, Siding, And Sheet Metal Work Loan | ||||
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Get an SBA 7A Loan in Niangua, Missouri
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The Seymour Bank Gives Small Business Loan to Roofing, Siding, And Sheet Metal Work CompanySBA loans in Missouri are are few and far betweeen these days. We take a look at one Missouri SBA loan, provided by a Missouri bank, that was approved by the SBA. This business, based in Niangua, Missouri, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from The Seymour Bank. We've got the inside scoop on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: ROOFING, SIDING, AND SHEET METAL WORK SBA Loan Lender THE SEYMOUR BANK This bank 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 1761 - Roofing, Siding, and Sheet Metal Work NAICS Code 238160 - Roofing Contractors Loan Approval Date 2/19/2004 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. 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 7 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Niangua or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Banking Deregulation's Effects on Entrepreneurship Small Business Banks in Seymour, Missouri Browse All Business Loan Sources for Missouri
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