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November 21, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Mountain Grove, Business Loans > First Home Savings Bank Mountain Grove Business Loans > Tire Retreading And Repair Shops Loan | ||||
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First Home Savings Bank Small Business Loan
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Raising Money for Automotive Repair and MaintenanceLooking for business loans for automotive repair and maintenance? Try the SBA. This $26,300 automotive repair and maintenance loan was issued by a Missouri bank. Getting a small business loan in Ava, Missouri was important for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from First Home Savings Bank, operating out of Mountain Grove, Missouri. Here are the details on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: TIRE RETREADING AND REPAIR SHOPS SBA Loan Lender FIRST HOME SAVINGS BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7534 - Tire Retreading and Repair Shops NAICS Code 811198 - Automotive Repair and Maintenance Loan Approval Date 10/25/2000 Loan Approval Gross Amount $26,300 Loan Approval from the SBA Of the total $26,300 loan amount, the SBA guaranteed $21,040. 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 5 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $26,300. How would you spend $26,300 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: Determining Proper Capital Structure for a Business Best Banks for Small Business in Mountain Grove, Missouri
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