Business Loan from Platte Valley Bank Of Missouri Given to Perishable Prepared Food Manufacturing Company

Platte Valley Bank Of Missouri 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 Riverside, Missouri was an essential business goal for this firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Platte Valley Bank Of Missouri, operating out of Platte City, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: PERISHABLE PREPARED FOOD MANUFACTURING
RIVERSIDE, MO 64150

SBA Loan Lender

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

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311991 - Perishable Prepared Food Manufacturing

Loan Approval Date

3/1/2004

Loan Approval Gross Amount

$69,100

Loan Approval from the SBA

Of the total $69,100 loan amount, the SBA guaranteed $58,735.

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 business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Direct Public Offerings

Where to Get an SBA Loan in Platte City, Missouri

SBA Participating Banks in Missouri