Charleston, Missouri Bank Gives SBA Loan to Specialty Hospitals Company

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

Applying for an SBA loan with Focus Bank worked out well for our friends at one local company in Matthews, Missouri. They got an SBA loan for $150,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: SPECIALTY HOSPITALS
MATTHEWS, MO 63867

SBA Loan Lender

FOCUS BANK
101 S MAIN ST
CHARLESTON, MO 63834

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

622310 - Specialty Hospitals

Loan Approval Date

5/11/2005

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

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Focus Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Focus Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Getting a Small Business Loan

Small Bank Loans in Charleston, Missouri

Missouri SBA 7A Banks