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May 17, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Marshfield, Business Loans > Southern Missouri Bank - Marshfi Marshfield Business Loans > Scrap And Waste Materials Loan | ||||
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SBA Lenders in Missouri
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Recyclable Material Wholesalers SBA LoansLooking for SBA loans for recyclable material wholesalers? Try the SBA. This $150,000 recyclable material wholesalers loan was issued by a Missouri bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Seymour, Missouri was able to borrow $150,000 from Southern Missouri Bank - Marshfi. The SBA made the loan possible by guaranteeing $127,500 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: SCRAP AND WASTE MATERIALS SBA Loan Lender SOUTHERN MISSOURI BANK - MARSHFI This lender issued this loan for a small business under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5093 - Scrap and Waste Materials NAICS Code 421930 - Recyclable Material Wholesalers Loan Approval Date 1/14/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Marshfield, Missouri
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