Hamilton, Missouri Entrepreneur Gets a Bank Loan

Business loans in Missouri are tough to come by these days. We take a look at one Missouri business loan, provided by a Missouri bank, that was approved by the SBA.

This company, based in Hamilton, Missouri, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Bank Northwest. We've got the inside scoop on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: CARPENTRY CONTRACTORS
HAMILTON, MO 64644

SBA Loan Lender

BANK NORTHWEST
201 S DAVIS ST
HAMILTON, MO 64644

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235510 - Carpentry Contractors

Loan Approval Date

5/14/2003

Loan Approval Gross Amount

$118,200

Loan Approval from the SBA

Of the total $118,200 loan amount, the SBA guaranteed $100,470.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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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