Business Loan from Martinsburg Bank And Trust Given to Full-Service Restaurants Company

An SBA loan from Martinsburg Bank And Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Centralia, Missouri business owner got a $65,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Centralia, Missouri, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Martinsburg Bank And Trust, based in Centralia, Missouri.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
CENTRALIA, MO 65240

SBA Loan Lender

MARTINSBURG BANK AND TRUST
214 S ALLEN ST
CENTRALIA, MO 65240

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring 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.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/7/2001

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees.

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

If you need money to start business in Centralia MO, you ought to talk with a local Centralia SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Centralia businesses.

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 $65,000 loan. Remember, anyone can do it... so why not you?

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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