Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Best Banks for Neosho Businesses

 

 
Loan Census SBA Loan Info

Getting an SBA Loan for Office Supplies and Stationery

Looking for SBA loans for office supplies and stationery? Talk to a banker who works with the SBA. This $56,200 office supplies and stationery loan was issued by a Missouri bank.

This business 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 2003. The lending bank was Hometown Bank, based in Carthage, Missouri.

SBA Loan Borrower

COMPANY TYPE: STATIONERY AND OFFICE SUPPLIES
NEOSHO, MO 64850

SBA Loan Lender

HOMETOWN BANK
312 W CENTRAL
CARTHAGE, MO 64836

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

5112 - Stationery and Office Supplies

NAICS Code

453210 - Office Supplies and Stationery

Loan Approval Date

6/16/2003

Loan Approval Gross Amount

$56,200

Loan Approval from the SBA

Of the total $56,200 loan amount, the SBA guaranteed $47,770.

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 2 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Banking Deregulation's Effects on Entrepreneurship

Where to Get an SBA Loan in Carthage, Missouri

SBA Lenders in Missouri