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December 19, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Richmond, Business Loans > Community Bank Of Missouri Richmond Business Loans > Grocery Stores Loan | ||||
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How to Get SBA Loans in Excelsior Springs, Missouri
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Financing for Convenience StoresLooking for commercial loans for convenience stores? The SBA may be the answer. This $100,000 convenience stores loan was issued by a Missouri bank. This business knew how to go about getting a business bank loan. Based in Excelsior Springs, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Community Bank Of Missouri, based in Richmond, Missouri. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender COMMUNITY BANK OF MISSOURI This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores NAICS Code 445120 - Convenience Stores Loan Approval Date 3/25/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $100,000 loan. Remember, where there is a will, there is a way! 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: SBA 7A Lenders in Richmond, Missouri
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