Macks Creek, Missouri Lender Lends Money to Full-Service Restaurants Company

Find Macks Creek, Missouri banks that specialize in SBA loans and know how to work with entrepreneurs. The Bank Of Macks Creek is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Camdenton, Missouri starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from The Bank Of Macks Creek. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
CAMDENTON, MO 65020

SBA Loan Lender

THE BANK OF MACKS CREEK
MAIN ST
MACKS CREEK, MO 65786

This lender issued this SBA business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/6/2006

Loan Approval Gross Amount

$198,900

Loan Approval from the SBA

Of the total $198,900 loan amount, the SBA guaranteed $149,175.

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 loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $198,900 loan. Remember, feel the fear, and do it anyway.

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:

Obtaining Funding - How to Borrow Money

Best Banks for Small Business in Macks Creek, Missouri

SBA Lenders in Missouri