Kansas City, Missouri Bank Lends Money to Car Washes Company in Raymore, Missouri

Thinking about meeting with a Kansas City, Missouri bank about a business loan? Here's one Missouri business loan, issued by a Kansas City bank, that was approved by the SBA.

Applying for an SBA loan with Missouri Bank & Trust Co. worked out well for our friends at one local firm in Raymore, Missouri. They received an SBA loan for $40,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
RAYMORE, MO 64083

SBA Loan Lender

MISSOURI BANK & TRUST CO.
1044 MAIN ST
KANSAS CITY, MO 64105

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

5/7/2002

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Raymore MO, you ought to talk with a local Raymore SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Raymore businesses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Small Business Loan

Banks in Kansas City, Missouri

Getting an SBA Loan in Missouri