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November 15, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Jefferson City, Business Loans > Exch National Bank - Jefferson City Jefferson City Business Loans > Supermarkets And Grocery Stores Loan | ||||
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Business Loans for Columbia Businesses
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Borrowing Money for Supermarkets and Grocery StoresLooking for loans for supermarkets and grocery stores? The SBA may be the answer. This $150,000 supermarkets and grocery stores loan was issued by a Missouri bank. This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Exch National Bank - Jefferson City, out of Jefferson City, Missouri. The loan was granted and they received $150,000 to help grow their Columbia, Missouri business. SBA Loan Borrower COMPANY TYPE: SUPERMARKETS AND GROCERY STORES SBA Loan Lender EXCH NATIONAL BANK - JEFFERSON CITY Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445110 - Supermarkets and Grocery Stores Loan Approval Date 9/8/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 122 employees. The SBA loan application for the borrower indicated that the loan would help retain 122 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Columbia or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 an SBA Lender in Jefferson City, Missouri
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