Raising Money for Direct Title Insurance Carriers

With these bank loans for direct title insurance carriers, the SBA guarantees the lender that the loan will be repaid. This direct title insurance carriers loan for $125,000 was given to a Missouri entrepreneur in 2004.

This small firm knew how to go about getting a business bank loan. Based in Columbia, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Boone Cnty National Bank - Columbia, based in Columbia, Missouri.

SBA Loan Borrower

COMPANY TYPE: DIRECT TITLE INSURANCE CARRIERS
COLUMBIA, MO 65203

SBA Loan Lender

BOONE CNTY NATIONAL BANK - COLUMBIA
720 E BROADWAY
COLUMBIA, MO 65201

This was a Low Documentation SBA loan. The SBA launched this program to minimize 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. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

524127 - Direct Title Insurance Carriers

Loan Approval Date

2/12/2004

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

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 73 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Boone Cnty National Bank - Columbia had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Boone Cnty National Bank - Columbia made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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