Missouri Small Business Loan Issued to Landscaping Services Company

Searching for a Missouri bank loan? This Missouri entrepreneur got a bank loan, provided by a Missouri bank that works with the SBA to help small business owners.

Getting a small business loan in Marionville, Missouri was a top priority for this loan applicant back in 2005 and, based on their loan application, they were successful in getting an SBA loan from First Independent Bank. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPING SERVICES
MARIONVILLE, MO 65705

SBA Loan Lender

FIRST INDEPENDENT BANK
1100 S ELLIOTT AVE
AURORA, MO 65605

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

561730 - Landscaping Services

Loan Approval Date

5/18/2005

Loan Approval Gross Amount

$34,000

Loan Approval from the SBA

Of the total $34,000 loan amount, the SBA guaranteed $28,900.

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 only one employee. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Marionville MO, you ought to talk with a local Marionville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Marionville 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 First Independent 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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