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May 12, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Republic, Business Loans > Countryside Bank Republic Business Loans > Shoe Stores Loan | ||||
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How Hard Is It to Get a Small Business Loan in Nixa, Missouri?
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Shoe Stores SBA LoansLooking for SBA loans for shoe stores? The SBA may be the answer. This $85,000 shoe stores loan was issued by a Missouri bank. Getting a small business loan in Nixa, Missouri was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Countryside Bank, operating out of Republic, Missouri. Here are the details on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: SHOE STORES SBA Loan Lender COUNTRYSIDE BANK This lender issued this particular business loan 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. NAICS Code 448210 - Shoe Stores Loan Approval Date 6/16/2005 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $72,250. 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 small business planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Countryside Bank and they will explain how you can get an SBA loan for your company. 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: Where to Get an SBA Loan Missouri
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