Clinton, Missouri Entrepreneur Gets an SBA Loan

MissouriSmall business loans are available to Missouri small business owners through the SBA. In this case, a Missouri bank provides the loan.

This business, based in Clinton, Missouri, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from St. Clair County State Bank. We've got the inside scoop on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICES
CLINTON, MO 64735

SBA Loan Lender

ST. CLAIR COUNTY STATE BANK
680 SECOND ST
OSCEOLA, MO 64776

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

2/26/2001

Loan Approval Gross Amount

$28,000

Loan Approval from the SBA

Of the total $28,000 loan amount, the SBA guaranteed $23,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Clinton MO, you ought to talk with a local Clinton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Clinton businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like St. Clair County State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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