Loan Census Banking News and Information
November 15, 2024  
 
 
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Hannibal Lenders

 

 
Loan Census SBA Loan Info

Hannibal, Missouri Lender Lends Money to Travel Trailers And Campers Company

Find Hannibal, Missouri banks that specialize in SBA loans and know how to work with entrepreneurs. F&m Bank And Trust Company is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Hannibal, Missouri starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from F&m Bank And Trust Company. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: TRAVEL TRAILERS AND CAMPERS
HANNIBAL, MO 63401

SBA Loan Lender

F&M BANK AND TRUST COMPANY
505 BROADWAY
HANNIBAL, MO 63401

This lender issued this particular small 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

3792 - Travel Trailers and Campers

NAICS Code

333294 - Food Product Machinery Manufacturing

Loan Approval Date

11/27/2000

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $32,000.

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 SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like F&m Bank And Trust Company and they will explain how you can get an SBA loan for your company.

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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