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November 21, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Springfield, Business Loans > Liberty Bank Springfield Business Loans > Public Building And Related Furniture Loan | ||||
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I Need a Small Business Loan in Ozark, Missouri
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Small Business Loans for Institutional Furniture ManufacturingLooking for small business loans for institutional furniture manufacturing? Talk to a banker who works with the SBA. This $470,000 institutional furniture manufacturing loan was issued by a Missouri bank. This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Liberty Bank, out of Springfield, Missouri. The loan was granted and they received $470,000 to help grow their Ozark, Missouri business. SBA Loan Borrower COMPANY TYPE: PUBLIC BUILDING AND RELATED FURNITURE SBA Loan Lender LIBERTY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2531 - Public Building and Related Furniture NAICS Code 337127 - Institutional Furniture Manufacturing Loan Approval Date 12/10/2004 Loan Approval Gross Amount $470,000 Loan Approval from the SBA Of the total $470,000 loan amount, the SBA guaranteed $352,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 12 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $470,000 loan. Remember, where there is a will, there is a way! 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: A Company That Helps Entrepreneurs Small Business Banks in Springfield, Missouri
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