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May 13, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Cassville, Business Loans > Security Bank - S.W. Missouri Cassville Business Loans > Dimension Stone Loan | ||||
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Pierce City, Missouri Bank for SBA Loans
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Get an SBA Loan for Dimension Stone Mining and QuarryingLooking for small business loans for dimension stone mining and quarrying? The SBA may be the answer. This $135,000 dimension stone mining and quarrying loan was issued by a Missouri bank. Getting a small business loan in Pierce City, Missouri was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Security Bank - S.W. Missouri, operating out of Cassville, Missouri. Here are the details on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: DIMENSION STONE SBA Loan Lender SECURITY BANK - S.W. MISSOURI This lender issued this particular commercial 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. SIC Code 1411 - Dimension Stone NAICS Code 212311 - Dimension Stone Mining and Quarrying Loan Approval Date 12/17/2004 Loan Approval Gross Amount $135,000 Loan Approval from the SBA Of the total $135,000 loan amount, the SBA guaranteed $114,750. 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 4 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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:
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