Commercial Loans for Snack and Nonalcoholic Beverage Bars
Looking for commercial loans for snack and nonalcoholic beverage bars? Try the SBA. This $31,000 snack and nonalcoholic beverage bars loan was issued by a Missouri bank.
Getting a small business loan in Columbia, Missouri was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from The Callaway Bank, operating out of Fulton, Missouri. Here are the details on this Missouri small business loan.
SBA Loan Borrower
COMPANY TYPE: SNACK AND NONALCOHOLIC BEVERAGE BARS
COLUMBIA, MO 65201
SBA Loan Lender
THE CALLAWAY BANK
5 EAST 5TH ST
FULTON, MO 65251
The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
722213 - Snack and Nonalcoholic Beverage Bars
Loan Approval Date
11/14/2006
Loan Approval Gross Amount
$31,000
Loan Approval from the SBA
Of the total $31,000 loan amount, the SBA guaranteed $15,500.
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 6 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 6 existing jobs.
Next Steps for Getting an SBA Loan
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Callaway Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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.
Related Links:
Find Start-Up Capital
SBA Participating Banks in Fulton, Missouri
Missouri SBA 7A Lenders