How to Get a Loan for Soft Drink Manufacturing

Looking for commercial loans for soft drink manufacturing? The SBA may be the answer. This $150,000 soft drink manufacturing loan was issued by a Missouri bank.

This small business knew how to go about getting a business bank loan. Based in Branson West, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Great Southern Bank, based in Reeds Spring, Missouri.

SBA Loan Borrower

COMPANY TYPE: BOTTLED AND CANNED SOFT DRINKS
BRANSON WEST, MO 65737

SBA Loan Lender

GREAT SOUTHERN BANK
14309 HWY 13
REEDS SPRING, MO 65737

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2086 - Bottled and Canned Soft Drinks

NAICS Code

312111 - Soft Drink Manufacturing

Loan Approval Date

10/9/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Great Southern Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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.

Related Links:

Determining Proper Capital Structure for a Business

Small Business Banks in Reeds Spring, Missouri

Missouri SBA 7A Banks