Entrepreneur Works With Rolla, Missouri Bank to Get an SBA Loan

A Rolla, Missouri SBA loan can be yours. Learn how a company got a $44,100 business loan from this Missouri bank.

This loan to an entrepreneur is a good example of an SBA loan. Town & Country Bank made the loan and the SBA guaranteed a portion of the loan. Many other Missouri entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
ROLLA, MO 65401

SBA Loan Lender

TOWN & COUNTRY BANK
910 S BISHOP
ROLLA, MO 65401

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

3/14/2003

Loan Approval Gross Amount

$44,100

Loan Approval from the SBA

Of the total $44,100 loan amount, the SBA guaranteed $37,485.

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 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

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

If you want money for new small business in Rolla MO, you ought to talk with a local Rolla SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rolla businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Town & Country Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Town & Country Bank 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.

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