Get an SBA Loan for Gift, Novelty, and Souvenir Stores

With these small business loans for gift, novelty, and souvenir stores, the SBA guarantees the lender that the loan will be repaid. This gift, novelty, and souvenir stores loan for $95,000 was given to a Missouri entrepreneur in 2004.

This company knew how to go about getting a business bank loan. Based in Neosho, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Community Bank & Trust, based in Neosho, Missouri.

SBA Loan Borrower

COMPANY TYPE: LEGAL SERVICES
NEOSHO, MO 64850

SBA Loan Lender

COMMUNITY BANK & TRUST
100 S WOOD ST
NEOSHO, MO 64850

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.

SIC Code

8111 - Legal Services

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

1/21/2004

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $80,750.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 3 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Neosho MO, you ought to talk with a local Neosho SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Neosho businesses.

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.

Related Links:

Attracting Investors

Small Business Banks in Neosho, Missouri

Getting an SBA Loan in Missouri