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November 22, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Convention And Trade Show Organizers Loan | ||||
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SBA 7A Banks for Lake City, Missouri Business Owners
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Where to Get Capital for Convention and Trade Show OrganizersWith these small business loans for convention and trade show organizers, the SBA guarantees the lender that the loan will be repaid. This convention and trade show organizers loan for $50,000 was given to a Missouri entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lake City, Missouri was able to borrow $50,000 from Capital One. The SBA made the loan possible by guaranteeing $25,000 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: CONVENTION AND TRADE SHOW ORGANIZERS SBA Loan Lender CAPITAL ONE The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 561920 - Convention and Trade Show Organizers Loan Approval Date 1/14/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $50,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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:
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