Joplin, Missouri Business Gets SBA-Guaranteed Funding from Hometown Bank
Hometown Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Missouri entrepreneur was able to get a loan to take a small business to the next level.
Getting a small business loan in Joplin, Missouri was an essential business goal for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Hometown Bank, operating out of Carthage, Missouri. Here are the details on this Missouri small business loan.
SBA Loan Borrower
COMPANY TYPE: OFFICES AND CLINICS OF CHIROPRACTORS
JOPLIN, MO 64803
SBA Loan Lender
HOMETOWN BANK
312 W CENTRAL
CARTHAGE, MO 64836
This lender issued this particular SBA business 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.
SIC Code
8041 - Offices and Clinics of Chiropractors
NAICS Code
621310 - Chiropractors
Loan Approval Date
6/11/2003
Loan Approval Gross Amount
$91,800
Loan Approval from the SBA
Of the total $91,800 loan amount, the SBA guaranteed $78,030.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 3 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you are raising money in Joplin MO, you ought to talk with a local Joplin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Joplin businesses.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $91,800 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
Investor Turnoffs
Banks in Carthage, Missouri
Missouri SBA 7A Lenders