Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Bank Of Bolivar Small Business Loan

 

 
Loan Census SBA Loan Info

Financing for Marketing Research and Public Opinion Polling

With these commercial loans for marketing research and public opinion polling, the SBA guarantees the lender that the loan will be repaid. This marketing research and public opinion polling loan for $60,000 was given to a Missouri entrepreneur in 2004.

This small business knew how to go about getting a business bank loan. Based in Bolivar, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Bank Of Bolivar, based in Bolivar, Missouri.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL NONPHYSICAL RESEARCH
BOLIVAR, MO 65613

SBA Loan Lender

BANK OF BOLIVAR
495 S SPRINGFIELD AVE
BOLIVAR, MO 65613

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

8732 - Commercial Nonphysical Research

NAICS Code

541910 - Marketing Research and Public Opinion Polling

Loan Approval Date

5/18/2004

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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 Credit Evaluation

Small Business Banks in Bolivar, Missouri

Missouri SBA Bank Lenders