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December 19, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Knob Noster, Business Loans > First Community Bank Knob Noster Business Loans > Limited-Service Restaurants Loan | ||||
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Advice for Small Businesses On Getting a Loan
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Where to Get Capital for Limited-Service RestaurantsLooking for small business loans for limited-service restaurants? The SBA may be the answer. This $75,000 limited-service restaurants loan was issued by a Missouri bank. Getting a small business loan in Knob Noster (rr Name Knobnoste, Missouri was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from First Community Bank, operating out of Knob Noster, Missouri. Here are the details on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender FIRST COMMUNITY BANK This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/4/2006 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. 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 only one employee. The SBA loan documents indicated that the funding would help generate 1 new job. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Community Bank and they will explain how you can get an SBA loan for your company. 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: SBA Approved Banks in Knob Noster, Missouri
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