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December 22, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Springfield, Business Loans > Liberty Bank Springfield Business Loans > Grocery Stores Loan | ||||
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Banks for Entrepreneurs in Missouri
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Local Business Gets a Missouri Bank LoanMissouriBusiness loans are available to Missouri business owners through the SBA. In this case, a Missouri bank provides the loan. Getting a small business loan in Branson, Missouri was a top priority for this SBA-financed company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Liberty Bank. Here are the details on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender LIBERTY BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 5/27/2004 Loan Approval Gross Amount $865,000 Loan Approval from the SBA Of the total $865,000 loan amount, the SBA guaranteed $648,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $865,000. How would you spend $865,000 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: Small Bank Loans in Springfield, Missouri
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