Pittsburg, Missouri Business Gets SBA-Guaranteed Funding from Bank Of Urbana

Bank Of Urbana and the SBA work together to get business loans for growing small businesses. Here's an example of how a Missouri entrepreneur was able to get a loan to take a small business to the next level.

Getting a small business loan in Pittsburg, Missouri was an essential business goal for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Urbana, operating out of Urbana, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: FLOOR LAYING AND OTHER FLOOR WORK
PITTSBURG, MO 65724

SBA Loan Lender

BANK OF URBANA
109 N MAIN ST
URBANA, MO 65767

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

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

SIC Code

1752 - Floor Laying and Other Floor Work

NAICS Code

238330 - Flooring Contractors

Loan Approval Date

7/22/2004

Loan Approval Gross Amount

$22,000

Loan Approval from the SBA

Of the total $22,000 loan amount, the SBA guaranteed $11,000.

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 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are working on finding money to start a business in Pittsburg MO, you ought to talk with a local Pittsburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pittsburg businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of Urbana had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of Urbana made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Debt Financing

Where to Get an SBA Loan in Urbana, Missouri

Missouri SBA Bank Lenders