Local Business Gets a Missouri Small Business Loan
MissouriBusiness loans are available to Missouri business owners through the SBA. In this case, a Missouri bank provides the loan.
You can learn something about getting a small business loan in Kansas City, Missouri by studying this loan to a local business, made back in 2001. Banks like Bank Of Lee's Summit may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: COMPUTER TRAINING
KANSAS CITY, MO 64139
SBA Loan Lender
BANK OF LEE'S SUMMIT
210 S MAIN
LEE'S SUMMIT, MO 64063
This lender issued this particular SBA bank 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.
NAICS Code
611420 - Computer Training
Loan Approval Date
10/10/2001
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
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 2 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of Lee's Summit that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Raising Venture Capital
Best Lee's Summit, Missouri Banks for Small Business
Missouri SBA 7A Lenders