Business Loans for Discount Department Stores

Looking for business loans for discount department stores? An SBA loan may be just what you've been looking for. This $82,900 discount department stores loan was issued by a Missouri bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kearney, Missouri was able to borrow $82,900 from Umb Bank. The SBA made the loan possible by guaranteeing $70,465 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: DISCOUNT DEPARTMENT STORES
KEARNEY, MO 64060

SBA Loan Lender

UMB BANK
1010 GRAND BLVD
KANSAS CITY, MO 64106

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

452112 - Discount Department Stores

Loan Approval Date

10/13/2004

Loan Approval Gross Amount

$82,900

Loan Approval from the SBA

Of the total $82,900 loan amount, the SBA guaranteed $70,465.

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 5 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $82,900. How would you spend $82,900 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Angel Investors

Good Banks for Small Business in Kansas City, Missouri

Browse All Business Loan Sources for Missouri