Lockwood, Missouri Business Gets SBA-Guaranteed Funding from Citizens Home Bank

An SBA loan from Citizens Home Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lockwood, Missouri business owner got a $50,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lockwood, Missouri was able to borrow $50,000 from Citizens Home Bank. The SBA made the loan possible by guaranteeing $37,500 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: ORNAMENTAL FLORICULTURE NURSERY PRODUCTS
LOCKWOOD, MO 65682

SBA Loan Lender

CITIZENS HOME BANK
2 N MAIN
GREENFIELD, MO 65661

This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0181 - Ornamental Floriculture Nursery Products

Loan Approval Date

4/6/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $37,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citizens Home Bank and they will explain how you can get an SBA loan for your company.

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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