Firm Gets a Missouri Bank Loan

Looking to get a Missouri small business loan? This Missouri entrepreneur got a small business loan, provided by a Missouri bank that works with the SBA to help small business owners.

Getting a small business loan in Brunswick, Missouri was a top priority for this small company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from County Bank. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, AND AUDIOLOGISTS
BRUNSWICK, MO 65236

SBA Loan Lender

COUNTY BANK
116 W BROADWAY
BRUNSWICK, MO 65236

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.

NAICS Code

621340 - Physical, Occupational and Speech Therapists, and Audiologists

Loan Approval Date

2/17/2005

Loan Approval Gross Amount

$18,400

Loan Approval from the SBA

Of the total $18,400 loan amount, the SBA guaranteed $15,640.

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 only one employee. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $18,400. How would you spend $18,400 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.

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