Southwest Missouri Bank Gives SBA Loan to Electronic Component Manufacturing Company

Would a Missouri small business loan help your small business to grow and prosper? If so, you may want to talk with this Missouri bank, which offers SBA loans to Missouri entrepreneurs.

Getting a small business loan in Carthage, 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 Southwest Missouri Bank. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRONIC COMPONENT MANUFACTURING
CARTHAGE, MO 64836

SBA Loan Lender

SOUTHWEST MISSOURI BANK
300 W 3RD ST
CARTHAGE, MO 64836

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

334419 - Electronic Component Manufacturing

Loan Approval Date

10/25/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Southwest Missouri Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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