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November 21, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Kansas City, Business Loans > Umb Bank Kansas City Business Loans > Business Services Loan | ||||
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Missouri Small Business Funding
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Small Business Loans for Professional, Scientific, and Technical ServicesLooking for small business loans for professional, scientific, and technical services? Try the SBA. This $1,000,000 professional, scientific, and technical services loan was issued by a Missouri bank. This company knew how to go about getting a business bank loan. Based in Sedalia, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Umb Bank, based in Kansas City, Missouri. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender UMB BANK This lender issued this SBA business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 541990 - Professional, Scientific, and Technical Services Loan Approval Date 11/1/2005 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. 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 62 employees. The SBA loan documents did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Umb Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: SBA Banks in Kansas City, Missouri SBA Participating Banks in Missouri
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