Borrowing Money for Schiffli Machine Embroidery

Looking for small business loans for schiffli machine embroidery? An SBA loan may be just what you've been looking for. This $63,200 schiffli machine embroidery loan was issued by a Missouri bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lake Ozark, Missouri was able to borrow $63,200 from Central Bank - Lake - Ozarks. The SBA made the loan possible by guaranteeing $53,720 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: SCHIFFLI MACHINE EMBROIDERIES
LAKE OZARK, MO 65049

SBA Loan Lender

CENTRAL BANK - LAKE - OZARKS
3848 HWY 54
OSAGE BEACH, MO 65065

This lender issued this particular SBA 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.

SIC Code

2397 - Schiffli Machine Embroideries

NAICS Code

313222 - Schiffli Machine Embroidery

Loan Approval Date

8/22/2003

Loan Approval Gross Amount

$63,200

Loan Approval from the SBA

Of the total $63,200 loan amount, the SBA guaranteed $53,720.

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 4 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source

We can help you find the best banks for small businesses in Lake Ozark or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Obtaining Funding - How to Decide How Much to Raise

SBA Participating Banks in Osage Beach, Missouri

Where to Get an SBA Loan Missouri