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November 15, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Lee's Summit, Business Loans > Bank Of Lee's Summit Lee's Summit Business Loans > Speed Changer, Industrial High-Speed Drive, And Gear Manufacturing Loan | ||||
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Examples of Lee's Summit SBA Loans
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Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing Small Business LoansLooking for small business loans for speed changer, industrial high-speed drive, and gear manufacturing? Try the SBA. This $76,000 speed changer, industrial high-speed drive, and gear manufacturing loan was issued by a Missouri bank. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Bank Of Lee's Summit, out of Lee's Summit, Missouri. The loan was granted and they received $76,000 to help grow their Lee's Summit, Missouri business. SBA Loan Borrower COMPANY TYPE: SPEED CHANGER, INDUSTRIAL HIGH-SPEED DRIVE, AND GEAR MANUFACTURING SBA Loan Lender BANK OF LEE'S SUMMIT This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program requires 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 333612 - Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing Loan Approval Date 11/20/2003 Loan Approval Gross Amount $76,000 Loan Approval from the SBA Of the total $76,000 loan amount, the SBA guaranteed $64,600. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Best Lee's Summit, Missouri Banks for Small Business
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