Loans for Individual and Family Services

Looking for loans for individual and family services? The SBA may be the answer. This $16,000 individual and family services loan was issued by a Missouri bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with City Bank & Trust - Moberly, out of Moberly, Missouri. The loan was granted and they received $16,000 to help grow their Moberly, Missouri business.

SBA Loan Borrower

COMPANY TYPE: INDIVIDUAL AND FAMILY SERVICES
MOBERLY, MO 65270

SBA Loan Lender

CITY BANK & TRUST - MOBERLY
500 WEST COATES
MOBERLY, MO 65270

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

624190 - Individual and Family Services

Loan Approval Date

9/16/2002

Loan Approval Gross Amount

$16,000

Loan Approval from the SBA

Of the total $16,000 loan amount, the SBA guaranteed $13,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

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

If you want money for new small business in Moberly MO, you ought to talk with a local Moberly SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Moberly businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like City Bank & Trust - Moberly that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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