Entrepreneur Works With Springfield, Missouri Bank to Get an SBA Loan

Want to talk with a Springfield, Missouri bank about a business loan? Here's one Missouri business loan, issued by a Springfield bank, that was approved by the SBA.

Applying for an SBA loan with Liberty Bank worked out well for our friends at one local company in Ozark, Missouri. They got an SBA loan for $81,500. Way to go!

SBA Loan Borrower

COMPANY TYPE: SPECIALTY FOOD STORES
OZARK, MO 65721

SBA Loan Lender

LIBERTY BANK
1414 E PRIMROSE
SPRINGFIELD, MO 65804

This lender issued this SBA bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

4/18/2007

Loan Approval Gross Amount

$81,500

Loan Approval from the SBA

Of the total $81,500 loan amount, the SBA guaranteed $69,275.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Direct Public Offerings

SBA Banks in Springfield, Missouri

Missouri SBA 7A Lenders