Jefferson City, Missouri Lender Lends Money to Amusement And Recreation Services Company

Want to talk with a Jefferson City, Missouri bank about a small business loan? Here's one Missouri business loan, issued by a Jefferson City bank, that was approved by the SBA.

Applying for an SBA loan with Jefferson Bank Of Missouri worked out well for our friends at one local business in Jefferson City,, Missouri. The business was able to get an SBA loan for $1,124,600. Awesome!

SBA Loan Borrower

COMPANY TYPE: AMUSEMENT AND RECREATION SERVICES
JEFFERSON CITY,, MO 65101

SBA Loan Lender

JEFFERSON BANK OF MISSOURI
700 SOUTHWEST BLVD
JEFFERSON CITY, MO 65109

This lender issued this debt financing under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7999 - Amusement and Recreation Services

NAICS Code

713990 - Amusement and Recreation Industries

Loan Approval Date

7/30/2002

Loan Approval Gross Amount

$1,124,600

Loan Approval from the SBA

Of the total $1,124,600 loan amount, the SBA guaranteed $843,450.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Borrowing Money from Friends and Family

SBA 7A Lenders in Jefferson City, Missouri

Missouri SBA Bank Lenders