Borrowing Money for Single Family Housing Construction

With these loans for single family housing construction, the SBA guarantees the lender that the loan will be repaid. This single family housing construction loan for $50,000 was given to a Missouri entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Platte City, Missouri was able to borrow $50,000 from Platte Valley Bank Of Missouri. The SBA made the loan possible by guaranteeing $25,000 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: SINGLE FAMILY HOUSING CONSTRUCTION
PLATTE CITY, MO 64079

SBA Loan Lender

PLATTE VALLEY BANK OF MISSOURI
2400 NW PRAIRIE VIEW RD
PLATTE CITY, MO 64079

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.

NAICS Code

233210 - Single Family Housing Construction

Loan Approval Date

11/12/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Platte City MO, you ought to talk with a local Platte City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Platte City businesses.

We can help you find the best banks for small businesses in Platte City or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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Startup Funding Tip

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SBA Participating Banks in Missouri