Entrepreneur Works With Sullivan, Missouri Bank to Get an SBA Loan

Thinking about meeting with a Sullivan, Missouri bank about an SBA loan? Here's one Missouri business loan, issued by a Sullivan bank, that was approved by the SBA.

Applying for an SBA loan with Bank Of Sullivan worked out well for our friends at one local company in Bourbon, Missouri. They got an SBA loan for $35,000. Nice!

SBA Loan Borrower

COMPANY TYPE: INSURANCE RELATED ACTIVITIES
BOURBON, MO 65444

SBA Loan Lender

BANK OF SULLIVAN
318 W MAIN ST
SULLIVAN, MO 63080

This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

524298 - Insurance Related Activities

Loan Approval Date

1/18/2008

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $17,500.

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 6 employees. The loan application indicated that the borrowed money would help create 6 new jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of Sullivan had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of Sullivan made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Family and Friend Investors - Your First Financiers

SBA 7A Banks for Sullivan, Missouri Loans

SBA Lenders in Missouri