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May 17, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Waynesville, Business Loans > Bank Of Crocker Waynesville Business Loans > Florists Loan | ||||
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Waynesville Lenders
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Waynesville, Missouri Bank Lends Money to Florists Company in Richland, MissouriA Waynesville, Missouri small business loan can be yours. Learn how a company got a $29,500 business loan from this Missouri bank. This loan to an entrepreneur is a good example of an SBA loan. Bank Of Crocker 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: FLORISTS SBA Loan Lender BANK OF CROCKER This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5992 - Florists NAICS Code 453110 - Florists Loan Approval Date 4/21/2004 Loan Approval Gross Amount $29,500 Loan Approval from the SBA Of the total $29,500 loan amount, the SBA guaranteed $25,075. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. We've showcased information on this loan to let you know that businesses like yours 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: Realistic Debt Financing Options Small Business Banks in Waynesville, Missouri
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