General Long-Distance, Less-Than-One-Truckload Freight Trucking Commercial Loans

Looking for commercial loans for general long-distance, less-than-one-truckload freight trucking? Talk to a banker who works with the SBA. This $1,542,500 general long-distance, less-than-one-truckload freight trucking loan was issued by a Missouri bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cassville, Missouri was able to borrow $1,542,500 from Security Bank - S.W. Missouri. The SBA made the loan possible by guaranteeing $1,156,875 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: TRUCKING
CASSVILLE, MO 65625

SBA Loan Lender

SECURITY BANK - S.W. MISSOURI
HWYS 37 & 86
CASSVILLE, MO 65625

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4213 - Trucking

NAICS Code

484122 - General Long-Distance, Less-Than-One-Truckload Freight Trucking

Loan Approval Date

5/13/2005

Loan Approval Gross Amount

$1,542,500

Loan Approval from the SBA

Of the total $1,542,500 loan amount, the SBA guaranteed $1,156,875.

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 24 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Security Bank - S.W. Missouri 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:

Role of Business Plan When Raising Money

SBA Banks in Cassville, Missouri

Getting a Business Loan in Missouri