Galena, Kansas Business Gets SBA-Guaranteed Funding from Southwest Missouri Bank

An SBA loan from Southwest Missouri Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Galena, Kansas business owner got a $150,000 loan.

Getting a small business loan in Galena, Kansas was an essential business goal for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Southwest Missouri Bank, operating out of Carthage, Missouri. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: OPTICAL GOODS STORES
GALENA, KS 66739

SBA Loan Lender

SOUTHWEST MISSOURI BANK
300 W 3RD ST
CARTHAGE, MO 64836

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

446130 - Optical Goods Stores

Loan Approval Date

5/4/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

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

If you are raising money in Galena KS, you ought to talk with a local Galena SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Galena businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Southwest Missouri Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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