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December 19, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Belton, Business Loans > Hawthorn Bank Belton Business Loans > Commercial Printing Loan | ||||
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SBA 7A Banks for Independence, Missouri Small Business Owners
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Financing for Commercial PrintingWith these loans for commercial printing, the SBA guarantees the lender that the loan will be repaid. This commercial printing loan for $134,600 was given to a Missouri entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Independence, Missouri was able to borrow $134,600 from Hawthorn Bank. The SBA made the loan possible by guaranteeing $114,410 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL PRINTING SBA Loan Lender HAWTHORN BANK This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 323119 - Commercial Printing Loan Approval Date 4/18/2005 Loan Approval Gross Amount $134,600 Loan Approval from the SBA Of the total $134,600 loan amount, the SBA guaranteed $114,410. 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 9 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. 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 $134,600 loan. Remember, where there is a will, there is a way! 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: Best Belton, Missouri Banks for Small Business
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