Jackson, Missouri Business Gets SBA-Guaranteed Funding from Montgomery Bank

An SBA loan from Montgomery Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Jackson, Missouri business owner got a $35,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Jackson, Missouri, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Montgomery Bank, based in Cape Girardeau, Missouri.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
JACKSON, MO 63755

SBA Loan Lender

MONTGOMERY BANK
2027 BROADWAY
CAPE GIRARDEAU, MO 63701

This lender issued this particular bank 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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/28/2003

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $29,750.

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 4 employees. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

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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