SBA Loans for Specialized Long-Distance Freight Trucking

Looking for SBA loans for specialized long-distance freight trucking? Talk to a banker who works with the SBA. This $25,600 specialized long-distance freight trucking loan was issued by a Missouri bank.

Getting a small business loan in Buffalo, Missouri was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Urbana, operating out of Urbana, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: TRUCKING
BUFFALO, MO 65622

SBA Loan Lender

BANK OF URBANA
109 N MAIN ST
URBANA, MO 65767

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

4213 - Trucking

NAICS Code

484230 - Specialized Long-Distance Freight Trucking

Loan Approval Date

6/3/2003

Loan Approval Gross Amount

$25,600

Loan Approval from the SBA

Of the total $25,600 loan amount, the SBA guaranteed $12,800.

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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of Urbana had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of Urbana made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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Who Lends Money to Small Businesses in Urbana, Missouri

Where to Get an SBA Loan Missouri