Getting an SBA Loan for Couriers and Express Delivery Services

With these commercial loans for couriers and express delivery services, the SBA guarantees the lender that the loan will be repaid. This couriers and express delivery services loan for $50,000 was given to a Missouri entrepreneur in 2002.

This business knew how to go about getting a business bank loan. Based in Fair Grove, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Great Southern Bank, based in Reeds Spring, Missouri.

SBA Loan Borrower

COMPANY TYPE: COURIER SERVICES
FAIR GROVE, MO 65648

SBA Loan Lender

GREAT SOUTHERN BANK
14309 HWY 13
REEDS SPRING, MO 65737

This lender issued this particular business 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

4215 - Courier Services

NAICS Code

492110 - Couriers and Express Delivery Services

Loan Approval Date

8/29/2002

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 only one employee. The SBA loan documents did not indicate that the small business planned to use the money to add employees or retain any existing employees.

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

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Great Southern Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

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SBA Approved Banks in Reeds Spring, Missouri

Getting an SBA Loan in Missouri