Kansas City, Missouri Lender Lends Money to Insurance Agencies And Brokerages Company
Thinking about meeting with a Kansas City, Missouri bank about a small business loan? Here's one Missouri business loan, issued by a Kansas City bank, that was approved by the SBA.
Applying for an SBA loan with Commerce Bank worked out well for our friends at one local business in Columbia, Missouri. The business was able to get an SBA loan for $41,800. Nice!
SBA Loan Borrower
COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES
COLUMBIA, MO 65202
SBA Loan Lender
COMMERCE BANK
1000 WALNUT ST
KANSAS CITY, MO 64141
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
524210 - Insurance Agencies and Brokerages
Loan Approval Date
9/20/2007
Loan Approval Gross Amount
$41,800
Loan Approval from the SBA
Of the total $41,800 loan amount, the SBA guaranteed $20,900.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Commerce Bank and they will explain how you can get an SBA loan for your company.
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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