Springfield, Missouri Bank Lends Money to Direct Selling Establishments Company in Eldorado Springs, Missouri
Want to talk with a Springfield, Missouri bank about a business loan? Here's one Missouri business loan, issued by a Springfield bank, that was approved by the SBA.
Applying for an SBA loan with Liberty Bank worked out well for our friends at one local company in Eldorado Springs, Missouri. They received an SBA loan for $104,000. Nice!
SBA Loan Borrower
COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS
ELDORADO SPRINGS, MO 64744
SBA Loan Lender
LIBERTY BANK
1414 E PRIMROSE
SPRINGFIELD, MO 65804
This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5963 - Direct Selling Establishments
NAICS Code
454390 - Direct Selling Establishments
Loan Approval Date
3/19/2003
Loan Approval Gross Amount
$104,000
Loan Approval from the SBA
Of the total $104,000 loan amount, the SBA guaranteed $88,400.
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 6 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
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 Liberty 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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