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April 28, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Springfield, Business Loans > Mid-Missouri Bank Springfield Business Loans > Lumber And Other Building Materials Dealer Loan | ||||
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Missouri SBA Lenders
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Springfield, Missouri Bank Gives SBA Loan to Lumber And Other Building Materials Dealer CompanyA Springfield, Missouri SBA loan can be yours. Learn how a business got a $63,200 business loan from this Missouri bank. This loan to an entrepreneur is a good example of an SBA loan. Mid-Missouri Bank made the loan and the SBA guaranteed a portion of the loan. Many other Missouri entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: LUMBER AND OTHER BUILDING MATERIALS DEALER SBA Loan Lender MID-MISSOURI BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5211 - Lumber and Other Building Materials Dealer NAICS Code 444190 - Building Material Dealers Loan Approval Date 5/14/2002 Loan Approval Gross Amount $63,200 Loan Approval from the SBA Of the total $63,200 loan amount, the SBA guaranteed $53,720. More Information on This SBA Loan The borrower borrowed this money for an existing 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 4 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Mid-Missouri 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: How Much Venture Capital Is There? SBA 7A Banks for Springfield, Missouri Loans Where to Get an SBA Loan Missouri
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