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December 22, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Reeds Spring, Business Loans > Great Southern Bank Reeds Spring Business Loans > Individual And Family Social Services Loan | ||||
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Carthage, Missouri Bank Loan
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Raising Money for Child Day Care ServicesLooking for business loans for child day care services? The SBA may be the answer. This $139,000 child day care services loan was issued by a Missouri bank. Getting a small business loan in Carthage, Missouri was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Great Southern Bank, operating out of Reeds Spring, Missouri. Here are the details on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: INDIVIDUAL AND FAMILY SOCIAL SERVICES SBA Loan Lender GREAT SOUTHERN BANK This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8322 - Individual and Family Social Services NAICS Code 624410 - Child Day Care Services Loan Approval Date 2/28/2005 Loan Approval Gross Amount $139,000 Loan Approval from the SBA Of the total $139,000 loan amount, the SBA guaranteed $118,150. 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 7 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Great Southern 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. Related Links: Small Bank Loans in Reeds Spring, Missouri
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