Lee's Summit, Missouri Business Gets SBA-Guaranteed Funding from Bank Of The West

An SBA loan from Bank Of The West typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lee's Summit, Missouri business owner got a $93,000 loan.

This business knew how to go about getting a business bank loan. Based in Lee's Summit, Missouri, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Bank Of The West, based in Lee's Summit, Missouri.

SBA Loan Borrower

COMPANY TYPE: SPECIAL NEEDS TRANSPORTATION
LEE'S SUMMIT, MO 64086

SBA Loan Lender

BANK OF THE WEST
740 NW BLUE PKWY
LEE'S SUMMIT, MO 64086

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

485991 - Special Needs Transportation

Loan Approval Date

2/26/2001

Loan Approval Gross Amount

$93,000

Loan Approval from the SBA

Of the total $93,000 loan amount, the SBA guaranteed $79,050.

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 2 employees. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of The West so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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SBA 7A Lenders in Lee's Summit, Missouri

SBA Participating Banks in Missouri