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May 12, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Springfield, Business Loans > Liberty Bank Springfield Business Loans > Stationery And Office Supplies Merchant Wholesalers Loan | ||||
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Liberty Bank
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Business Loan from Liberty Bank Given to Stationery And Office Supplies Merchant Wholesalers CompanyAn SBA loan from Liberty Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Ozark, Missouri business owner got a $248,300 loan. This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Liberty Bank, out of Springfield, Missouri. The loan was granted and they received $248,300 to help grow their Ozark, Missouri business. SBA Loan Borrower COMPANY TYPE: STATIONERY AND OFFICE SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender LIBERTY BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424120 - Stationery and Office Supplies Merchant Wholesalers Loan Approval Date 7/25/2006 Loan Approval Gross Amount $248,300 Loan Approval from the SBA Of the total $248,300 loan amount, the SBA guaranteed $186,225. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. 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. Great, But How Can I Get an SBA Loan for My Business? Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Liberty 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 Springfield, Missouri Browse All Business Loan Sources for Missouri
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