Mid-Missouri Bank SBA Loan to Boat Dealers Company

An SBA loan from Mid-Missouri Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Kimberling City, Missouri business owner got a $847,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kimberling City, Missouri was able to borrow $847,000 from Mid-Missouri Bank. The SBA made the loan possible by guaranteeing $635,250 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: BOAT DEALERS
KIMBERLING CITY, MO 65686

SBA Loan Lender

MID-MISSOURI BANK
330 W PLAINVIEW, STE K
SPRINGFIELD, MO 65810

When it made this small business loan, this bank was part of the SBA's Certified Lenders Program (CLP). This program aims to give speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441222 - Boat Dealers

Loan Approval Date

12/8/2005

Loan Approval Gross Amount

$847,000

Loan Approval from the SBA

Of the total $847,000 loan amount, the SBA guaranteed $635,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This SBA loan was for $847,000. How would you spend $847,000 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.

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