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December 20, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Monett, Business Loans > Community National Bank Monett Business Loans > Veterinary Services For Livestock Loan | ||||
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Community National Bank
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Aurora, Missouri Business Gets SBA-Guaranteed Funding from Community National BankCommunity National Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Missouri entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Aurora, Missouri was an essential business goal for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Community National Bank, operating out of Monett, Missouri. Here are the details on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: VETERINARY SERVICES FOR LIVESTOCK SBA Loan Lender COMMUNITY NATIONAL BANK This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started 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 0741 - Veterinary Services for Livestock NAICS Code 541940 - Veterinary Services Loan Approval Date 9/5/2003 Loan Approval Gross Amount $592,000 Loan Approval from the SBA Of the total $592,000 loan amount, the SBA guaranteed $444,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 6 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Community National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: A Company That Helps Entrepreneurs Find an SBA Lender in Monett, Missouri Browse All Business Loan Sources for Missouri
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