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April 25, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Springfield, Business Loans > Mid-Missouri Bank Springfield Business Loans > Money Mailer Of Southwest Miss Loan | ||||
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How to Get SBA Loans in Springfield, Missouri
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Loan to Buy Money Mailer Franchise Issued By Mid-Missouri BankNeed money to purchase a Money Mailer franchise? Mid-Missouri Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Money Mailer franchise shouldn't be too tough. In 2005, Mid-Missouri Bank issued an SBA franchise loan to an entrepreneur in Springfield, Missouri. Because Money Mailer was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis. SBA Loan Borrower MONEY MAILER OF SOUTHWEST MISS SBA Loan Lender MID-MISSOURI BANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring 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. NAICS Code 541860 - Direct Mail Advertising Loan Approval Date 7/18/2005 Loan Approval Gross Amount $55,500 Loan Approval from the SBA Of the total $55,500 loan amount, the SBA guaranteed $47,175. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Money Mailer franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. This SBA loan was for $55,500. How would you spend $55,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Who Lends Money to Small Businesses in Springfield, Missouri
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