Republic, Missouri Entrepreneur Gets an SBA Loan

Small business loans in Missouri are hard to find these days. We take a look at one Missouri small business loan, provided by a Missouri bank, that was approved by the SBA.

Getting a small business loan in Republic, Missouri was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Mid-Missouri Bank. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: EXCAVATION WORK
REPUBLIC, MO 65738

SBA Loan Lender

MID-MISSOURI BANK
806 E HINES
REPUBLIC, MO 65738

This lender issued this particular bank 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.

SIC Code

1794 - Excavation Work

NAICS Code

235930 - Excavation Contractors

Loan Approval Date

12/20/2000

Loan Approval Gross Amount

$56,500

Loan Approval from the SBA

Of the total $56,500 loan amount, the SBA guaranteed $45,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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.

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