Mid-Missouri Bank SBA Loan to Retail Bakeries Company

Mid-Missouri Bank has a track record as a leading provider of SBA loans. Find out how this Missouri entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Joplin, Missouri was able to borrow $46,400 from Mid-Missouri Bank. The SBA made the loan possible by guaranteeing $39,440 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL BAKERIES
JOPLIN, MO 64801

SBA Loan Lender

MID-MISSOURI BANK
100 N MAIN ST
WEBB CITY, MO 64870

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

7/5/2005

Loan Approval Gross Amount

$46,400

Loan Approval from the SBA

Of the total $46,400 loan amount, the SBA guaranteed $39,440.

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 only one employee. The SBA loan documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Mid-Missouri Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Mid-Missouri Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Advice on Getting a Small Business Loan

SBA Banks in Webb City, Missouri

Getting a Business Loan in Missouri