Borrowing Money for Solid Waste Collection

Looking for bank loans for solid waste collection? The SBA may be the answer. This $283,500 solid waste collection loan was issued by a Missouri bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Monroe City, Missouri was able to borrow $283,500 from Perry State Bank. The SBA made the loan possible by guaranteeing $212,625 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: SANITARY SERVICES
MONROE CITY, MO 63456

SBA Loan Lender

PERRY STATE BANK
103 E MAIN ST
PERRY, MO 63462

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4959 - Sanitary Services

NAICS Code

562111 - Solid Waste Collection

Loan Approval Date

11/26/2002

Loan Approval Gross Amount

$283,500

Loan Approval from the SBA

Of the total $283,500 loan amount, the SBA guaranteed $212,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. The loan application did not indicate that the company planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Perry State Bank 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.

Related Links:

Accountant's Role in Securing Financing

SBA Participating Banks in Perry, Missouri

Getting a Business Loan in Missouri