SBA Loan from St. Clair County State Bank Helps Animal Farms Company

An SBA loan from St. Clair County State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bolivar, Missouri business owner got a $30,000 loan.

This business knew how to go about getting a business bank loan. Based in Bolivar, Missouri, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was St. Clair County State Bank, based in Osceola, Missouri.

SBA Loan Borrower

COMPANY TYPE: ANIMAL FARMS
BOLIVAR, MO 65613

SBA Loan Lender

ST. CLAIR COUNTY STATE BANK
680 SECOND ST
OSCEOLA, MO 64776

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0291 - Animal Farms

NAICS Code

112990 - Animal Production

Loan Approval Date

1/27/2004

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like St. Clair County State Bank and they will explain how you can get an SBA loan for your company.

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:

Business Incubators

SBA 7A Banks in Osceola, Missouri

Getting a Business Loan in Missouri