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December 22, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Osage Beach, Business Loans > Central Bank - Lake - Ozarks Osage Beach Business Loans > Country Clutter Loan | ||||
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Osage Beach, Missouri Bank for SBA Loans
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Central Bank - Lake - Ozarks Provides SBA Loan to Buy Country Clutter bed & Breakfast FranchiseNeed money to invest in a Country Clutter bed & Breakfast franchise? Central Bank - Lake - Ozarks has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Country Clutter bed & Breakfast franchise? If so, here's a 2002 SBA franchise loan that you should know about. Central Bank - Lake - Ozarks was the lender and the entrepreneur was based in Osage Beach, Missouri. SBA Loan Borrower COUNTRY CLUTTER SBA Loan Lender CENTRAL BANK - LAKE - OZARKS 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 5947 - Gift, Novelty, and Souvenir Shops NAICS Code 453220 - Gift, Novelty, and Souvenir Stores Loan Approval Date 2/27/2002 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $25,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Country Clutter bed & Breakfast franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Borrowing Money from Friends and Family SBA Participating Banks in Osage Beach, Missouri
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