Getting an SBA Loan for Motor Vehicle Towing

Looking for commercial loans for motor vehicle towing? Try the SBA. This $250,000 motor vehicle towing loan was issued by a Missouri bank.

This 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 2006. The lending bank was 1st National Bank - Audrain Cnty, based in Mexico, Missouri.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE TOWING
MEXICO, MO 65265

SBA Loan Lender

1ST NATIONAL BANK - AUDRAIN CNTY
203 E LIBERTY
MEXICO, MO 65265

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

488410 - Motor Vehicle Towing

Loan Approval Date

10/31/2006

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 3 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $250,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

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SBA 7A Banks for Mexico, Missouri Loans

Getting an SBA Loan in Missouri