Growing Company Gets a Missouri SBA Loan
Bank loans in Missouri are hard to find these days. We take a look at one Missouri bank loan, provided by a Missouri bank, that was approved by the SBA.
This company, based in Booneville, Missouri, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Martinsburg Bank And Trust. We've got the inside scoop on this Missouri small business loan.
SBA Loan Borrower
COMPANY TYPE: GOLF COURSES AND COUNTRY CLUBS
BOONEVILLE, MO 65233
SBA Loan Lender
MARTINSBURG BANK AND TRUST
400 S MULDROW
MEXICO, MO 65265
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.
NAICS Code
713910 - Golf Courses and Country Clubs
Loan Approval Date
6/29/2001
Loan Approval Gross Amount
$76,600
Loan Approval from the SBA
Of the total $76,600 loan amount, the SBA guaranteed $65,110.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $76,600 loan. Remember, anyone can do it... so why not you?
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.
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Small Business Banks in Mexico, Missouri
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