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November 15, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Hamilton, Business Loans > Bank Northwest Hamilton Business Loans > Farm And Garden Machinery And Equipment Loan | ||||
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Bank Northwest Commercial Loans
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Loans for Outdoor Power Equipment StoresLooking for loans for outdoor power equipment stores? The SBA may be the answer. This $350,000 outdoor power equipment stores loan was issued by a Missouri bank. This small firm knew how to go about getting a business bank loan. Based in Braymer, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Bank Northwest, based in Hamilton, Missouri. SBA Loan Borrower COMPANY TYPE: FARM AND GARDEN MACHINERY AND EQUIPMENT SBA Loan Lender BANK NORTHWEST This debt financing 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 5083 - Farm and Garden Machinery and Equipment NAICS Code 444210 - Outdoor Power Equipment Stores Loan Approval Date 1/14/2004 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. 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 8 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Good Banks for Small Business in Hamilton, Missouri
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