Blue Springs, Missouri Lender Lends Money to Home Health Care Services Company

Thinking about meeting with a Blue Springs, Missouri bank about an SBA loan? Here's one Missouri business loan, issued by a Blue Springs bank, that was approved by the SBA.

Applying for an SBA loan with America's Community Bank worked out well for our friends at one local business in Lee's Summit, Missouri. They got an SBA loan for $70,000. Nice!

SBA Loan Borrower

COMPANY TYPE: HOME HEALTH CARE SERVICES
LEE'S SUMMIT, MO 64081

SBA Loan Lender

AMERICA'S COMMUNITY BANK
1100 W MAIN ST
BLUE SPRINGS, MO 64015

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621610 - Home Health Care Services

Loan Approval Date

1/14/2005

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 3 employees. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like America's Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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SBA Approved Banks in Blue Springs, Missouri

SBA Participating Banks in Missouri