Springfield, Missouri Lender Lends Money to Motor Vehicle Towing Company

Thinking about meeting with a Springfield, Missouri bank about an SBA loan? Here's one Missouri business loan, issued by a Springfield bank, that was approved by the SBA.

Applying for an SBA loan with Liberty Bank worked out well for our friends at one local company in Joplin, Missouri. They got an SBA loan for $207,600. Nice!

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE TOWING
JOPLIN, MO 64801

SBA Loan Lender

LIBERTY BANK
1414 E PRIMROSE
SPRINGFIELD, MO 65804

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

488410 - Motor Vehicle Towing

Loan Approval Date

8/15/2006

Loan Approval Gross Amount

$207,600

Loan Approval from the SBA

Of the total $207,600 loan amount, the SBA guaranteed $155,700.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 $207,600 loan. Remember, anyone can do it... so why not you?

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:

Bank Credit Lines

Banks in Springfield, Missouri

Getting an SBA Loan in Missouri