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December 22, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Joplin, Business Loans > Southwest Missouri Bank Joplin Business Loans > Radiotelephone Communications Loan | ||||
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SBA 7A Banks for Entrepreneurs in Missouri
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Missouri SBA Loan Issued to Radiotelephone Communications CompanyMissouriSBA loans are available to Missouri entrepreneurs through the SBA. In this case, a Missouri bank provides the loan. Getting a small business loan in Joplin, Missouri was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Southwest Missouri Bank. Here are the details on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: RADIOTELEPHONE COMMUNICATIONS SBA Loan Lender SOUTHWEST MISSOURI BANK 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. SIC Code 4812 - Radiotelephone Communications Loan Approval Date 9/13/2000 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $20,000. 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 loan application did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $25,000 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: Where to Get an SBA Loan in Joplin, Missouri
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