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November 14, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Bolivar, Business Loans > Bank Of Bolivar Bolivar Business Loans > Meat Packing Plants Loan | ||||
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Bank Of Bolivar
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Bank Of Bolivar SBA Loan to Meat Packing Plants CompanyBank Of Bolivar and the SBA work together to get business loans for growing small businesses. Here's an example of how a Missouri entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Fair Grove, Missouri was an essential business goal for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Bolivar, operating out of Bolivar, Missouri. Here are the details on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: MEAT PACKING PLANTS SBA Loan Lender BANK OF BOLIVAR SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2011 - Meat Packing Plants NAICS Code 311611 - Animal Slaughtering Loan Approval Date 10/9/2003 Loan Approval Gross Amount $127,500 Loan Approval from the SBA Of the total $127,500 loan amount, the SBA guaranteed $95,625. 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. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small 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 $127,500 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: Obtaining Funding - How to Borrow Money Find an SBA Lender in Bolivar, Missouri
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