Ozark, Missouri Business Gets SBA-Guaranteed Funding from Mid America Bank & Trust

An SBA loan from Mid America Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Ozark, Missouri business owner got a $199,000 loan.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Mid America Bank & Trust, out of Dixon, Missouri. The loan was granted and they received $199,000 to help grow their Ozark, Missouri business.

SBA Loan Borrower

COMPANY TYPE: LAND SUBDIVISION
OZARK, MO 65721

SBA Loan Lender

MID AMERICA BANK & TRUST
216 W SECOND ST
DIXON, MO 65459

The lender provided this small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

237210 - Land Subdivision

Loan Approval Date

2/24/2006

Loan Approval Gross Amount

$199,000

Loan Approval from the SBA

Of the total $199,000 loan amount, the SBA guaranteed $99,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This SBA loan was for $199,000. How would you spend $199,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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