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November 23, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Piedmont, Business Loans > Peoples Community Bank Piedmont Business Loans > Book Stores Loan | ||||
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Banks in Missouri
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Getting an SBA Loan for Book StoresLooking for commercial loans for book stores? Talk to a banker who works with the SBA. This $68,000 book stores loan was issued by a Missouri bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Piedmont, Missouri was able to borrow $68,000 from Peoples Community Bank. The SBA made the loan possible by guaranteeing $57,800 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: BOOK STORES SBA Loan Lender PEOPLES COMMUNITY BANK This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451211 - Book Stores Loan Approval Date 3/26/2001 Loan Approval Gross Amount $68,000 Loan Approval from the SBA Of the total $68,000 loan amount, the SBA guaranteed $57,800. 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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Peoples Community Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Accountant's Role in Securing Financing SBA Banks in Piedmont, Missouri SBA Participating Banks in Missouri
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