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November 24, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Springfield, Business Loans > Village Bank Springfield Business Loans > Plastering, Drywall, And Insulation Loan | ||||
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Small Business Banks in Missouri
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Financing for Drywall and Insulation ContractorsLooking for loans for drywall and insulation contractors? Try the SBA. This $75,000 drywall and insulation contractors loan was issued by a Missouri bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Nixa, Missouri was able to borrow $75,000 from Village Bank. The SBA made the loan possible by guaranteeing $63,750 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: PLASTERING, DRYWALL, AND INSULATION SBA Loan Lender VILLAGE 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 1742 - Plastering, Drywall, and Insulation NAICS Code 238310 - Drywall and Insulation Contractors Loan Approval Date 7/1/2004 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. 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 documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. While you may be able to borrow money from friends and family, 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: SBA Participating Banks in Springfield, Missouri Getting a Business Loan in Missouri
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