How to Get a Loan for Gift, Novelty, and Souvenir Stores

With these SBA loans for gift, novelty, and souvenir stores, the SBA guarantees the lender that the loan will be repaid. This gift, novelty, and souvenir stores loan for $34,100 was given to a Missouri entrepreneur in 2002.

This small business knew how to go about getting a business bank loan. Based in Mexico, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Martinsburg Bank And Trust, based in Mexico, Missouri.

SBA Loan Borrower

COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR STORES
MEXICO, MO 65265

SBA Loan Lender

MARTINSBURG BANK AND TRUST
400 S MULDROW
MEXICO, MO 65265

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

6/10/2002

Loan Approval Gross Amount

$34,100

Loan Approval from the SBA

Of the total $34,100 loan amount, the SBA guaranteed $28,985.

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 only one employee. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Mexico MO, you ought to talk with a local Mexico SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mexico businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Martinsburg Bank And Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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

SBA Banks in Mexico, Missouri

Getting an SBA Loan in Missouri