SBA Loan from Regional Missouri Bank Helps Dentists Company

An SBA loan from Regional Missouri Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Marceline, Missouri business owner got a $150,000 loan.

Getting a small business loan in Marceline, Missouri was an essential business goal for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Regional Missouri Bank, operating out of Marceline, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
MARCELINE, MO 64658

SBA Loan Lender

REGIONAL MISSOURI BANK
1201 SOUTH MISSOURI
MARCELINE, MO 64658

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring 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

621210 - Dentists

Loan Approval Date

2/10/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 3 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in Marceline MO, you ought to talk with a local Marceline SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Marceline businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Regional Missouri Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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