Lessors of Nonresidential Buildings Bank Loans

Looking for bank loans for lessors of nonresidential buildings? Talk to a banker who works with the SBA. This $70,300 lessors of nonresidential buildings loan was issued by a Missouri bank.

Getting a small business loan in Jackson, Missouri was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Regions Bank, operating out of Cape Girardeau, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: LESSORS OF NONRESIDENTIAL BUILDINGS
JACKSON, MO 63755

SBA Loan Lender

REGIONS BANK
407 N KINGSHIGHWAY
CAPE GIRARDEAU, MO 63701

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531120 - Lessors of Nonresidential Buildings

Loan Approval Date

10/27/2003

Loan Approval Gross Amount

$70,300

Loan Approval from the SBA

Of the total $70,300 loan amount, the SBA guaranteed $59,755.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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