Urbana, Missouri Bank Lends Money to Musical Instrument Stores Company in Buffalo, Missouri

Want to talk with an Urbana, Missouri bank about an SBA loan? Here's one Missouri business loan, issued by an Urbana bank, that was approved by the SBA.

Applying for an SBA loan with Bank Of Urbana worked out well for our friends at one local firm in Buffalo, Missouri. The business was able to get an SBA loan for $25,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: MUSICAL INSTRUMENT STORES
BUFFALO, MO 65622

SBA Loan Lender

BANK OF URBANA
109 N MAIN ST
URBANA, MO 65767

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

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

SIC Code

5736 - Musical Instrument Stores

NAICS Code

451140 - Musical Instrument and Supplies Stores

Loan Approval Date

7/22/2003

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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