Commercial Loans for Video Tape and Disc Rental

Looking for commercial loans for video tape and disc rental? Talk to a banker who works with the SBA. This $511,000 video tape and disc rental loan was issued by a Missouri bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Mid-Missouri Bank, out of Webb City, Missouri. The loan was granted and they received $511,000 to help grow their Neosho, Missouri business.

SBA Loan Borrower

COMPANY TYPE: VIDEO TAPE RENTAL
NEOSHO, MO 64850

SBA Loan Lender

MID-MISSOURI BANK
100 N MAIN ST
WEBB CITY, MO 64870

This commercial 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

7841 - Video Tape Rental

NAICS Code

532230 - Video Tape and Disc Rental

Loan Approval Date

4/27/2005

Loan Approval Gross Amount

$511,000

Loan Approval from the SBA

Of the total $511,000 loan amount, the SBA guaranteed $383,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Attracting Investors

Small Business Banks in Webb City, Missouri

Missouri SBA 7A Banks