Mt. Vernon, Missouri Business Gets SBA-Guaranteed Funding from Citizens National Bank - Springfield
Citizens National Bank - Springfield is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Missouri entrepreneur who tapped into the power of SBA loans.
This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Citizens National Bank - Springfield, out of Springfield, Missouri. The loan was granted and they received $200,000 to help grow their Mt. Vernon, Missouri business.
SBA Loan Borrower
COMPANY TYPE: FABRICATED PLATE WORK
MT. VERNON, MO 65712
SBA Loan Lender
CITIZENS NATIONAL BANK - SPRINGFIELD
1465 E SUNSHINE
SPRINGFIELD, MO 65804
The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3443 - Fabricated Plate Work
NAICS Code
332420 - Metal Tank Manufacturing
Loan Approval Date
9/26/2003
Loan Approval Gross Amount
$200,000
Loan Approval from the SBA
Of the total $200,000 loan amount, the SBA guaranteed $150,000.
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 31 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees 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.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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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Obtaining Funding - Getting Venture Capital
Who Lends Money to Small Businesses in Springfield, Missouri
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