Salem, Missouri Bank Lends Money to Apparel And Accessories Company in Licking, Missouri

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

Applying for an SBA loan with Town & Country Bank worked out well for our friends at one local firm in Licking, Missouri. They received an SBA loan for $120,000. Nice!

SBA Loan Borrower

COMPANY TYPE: APPAREL AND ACCESSORIES
LICKING, MO 65542

SBA Loan Lender

TOWN & COUNTRY BANK
1009 HWY 32 EAST
SALEM, MO 65560

This lender issued this particular small business 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

2389 - Apparel and Accessories

NAICS Code

315299 - Cut and Sew Apparel Manufacturing

Loan Approval Date

10/24/2003

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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 100 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Town & Country 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:

The Friends and Family Network

Banks in Salem, Missouri

Getting an SBA Loan in Missouri