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May 11, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Parkville, Business Loans > Platte Valley Bank Of Missouri Parkville Business Loans > Lumber And Other Building Materials Dealer Loan | ||||
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What Does It Take to Get a Business Loan in Plattsburg, Missouri?
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Business Loans for Home CentersWith these business loans for home centers, the SBA guarantees the lender that the loan will be repaid. This home centers loan for $400,000 was given to a Missouri entrepreneur in 2003. This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Platte Valley Bank Of Missouri, out of Parkville, Missouri. The loan was granted and they received $400,000 to help grow their Plattsburg, Missouri business. SBA Loan Borrower COMPANY TYPE: LUMBER AND OTHER BUILDING MATERIALS DEALER SBA Loan Lender PLATTE VALLEY BANK OF MISSOURI The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5211 - Lumber and Other Building Materials Dealer NAICS Code 444110 - Home Centers Loan Approval Date 11/21/2003 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. 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 9 employees. The SBA loan application for the borrower did not indicate that the business promised 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? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Platte Valley Bank Of Missouri 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: Find an SBA Lender in Parkville, Missouri
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