Lee's Summit, Missouri Bank Gives SBA Loan to Landscaping Services Company

Thinking about meeting with a Lee's Summit, Missouri bank about a small business loan? Here's one Missouri business loan, issued by a Lee's Summit bank, that was approved by the SBA.

Applying for an SBA loan with Bank Of Lee's Summit worked out well for our friends at one local company in Lee's Summit, Missouri. The business was able to get an SBA loan for $55,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
LEE'S SUMMIT, MO 64063

SBA Loan Lender

BANK OF LEE'S SUMMIT
210 S MAIN
LEE'S SUMMIT, MO 64063

This was a Low Documentation SBA loan. The SBA created this program to limit 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. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

6/16/2003

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Bank Credit Lines

SBA Approved Banks in Lee's Summit, Missouri

Find an SBA Lender in Missouri