Loan Census Banking News and Information
November 24, 2024  
 
 
  Business Loan Information  
 

Liberty Bank

 

 
Loan Census SBA Loan Info

Liberty Bank SBA Loan to Computer Rental And Leasing Company

An SBA loan from Liberty Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an El Dorado Springs, Missouri business owner got a $68,500 loan.

This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Liberty Bank, out of Springfield, Missouri. The loan was granted and they received $68,500 to help grow their El Dorado Springs, Missouri business.

SBA Loan Borrower

COMPANY TYPE: COMPUTER RENTAL AND LEASING
EL DORADO SPRINGS, MO 64744

SBA Loan Lender

LIBERTY BANK
1414 E PRIMROSE
SPRINGFIELD, MO 65804

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7377 - Computer Rental and Leasing

NAICS Code

532420 - Office Machinery and Equipment Rental and Leasing

Loan Approval Date

5/1/2000

Loan Approval Gross Amount

$68,500

Loan Approval from the SBA

Of the total $68,500 loan amount, the SBA guaranteed $54,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $68,500 loan. Remember, you control your own destiny.

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:

Choosing VC Firms

SBA Participating Banks in Springfield, Missouri

Missouri SBA 7A Lenders