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November 21, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Carthage, Business Loans > Hometown Bank Carthage Business Loans > General Automotive Repair Shops Loan | ||||
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Business Loans from Hometown Bank
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Neosho, Missouri Business Gets SBA-Guaranteed Funding from Hometown BankAn SBA loan from Hometown Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Neosho, Missouri business owner got a $115,000 loan. This business knew how to go about getting a business bank loan. Based in Neosho, Missouri, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Hometown Bank, based in Carthage, Missouri. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS SBA Loan Lender HOMETOWN BANK 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. SIC Code 7538 - General Automotive Repair Shops NAICS Code 811111 - General Automotive Repair Loan Approval Date 6/1/2004 Loan Approval Gross Amount $115,000 Loan Approval from the SBA Of the total $115,000 loan amount, the SBA guaranteed $97,750. 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 only one employee. The loan application did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Hometown 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: Role of Business Plan When Raising Money Best Banks for Small Business in Carthage, Missouri
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