Central Bank - Lake - Ozarks SBA Loan to Beauty Shops Company
Want a Missouri business loan? Here's one Missouri business loan that was approved by the SBA.
This local small business knew how to go about getting a business bank loan. Based in Eldon, Missouri, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Central Bank - Lake - Ozarks, based in Osage Beach, Missouri.
SBA Loan Borrower
COMPANY TYPE: BEAUTY SHOPS
ELDON, MO 65026
SBA Loan Lender
CENTRAL BANK - LAKE - OZARKS
3848 HWY 54
OSAGE BEACH, MO 65065
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7231 - Beauty Shops
Loan Approval Date
2/29/2000
Loan Approval Gross Amount
$16,000
Loan Approval from the SBA
Of the total $16,000 loan amount, the SBA guaranteed $12,800.
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 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Central Bank - Lake - Ozarks so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Alternative Financing
Small Bank Loans in Osage Beach, Missouri
SBA Lenders in Missouri