How to Get a Loan for Drinking Places

Looking for business loans for drinking places? An SBA loan may be just what you've been looking for. This $116,100 drinking places loan was issued by a Missouri bank.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Great Southern Bank, out of Reeds Spring, Missouri. The loan was granted and they received $116,100 to help grow their Springfield, Missouri business.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
SPRINGFIELD, MO 65806

SBA Loan Lender

GREAT SOUTHERN BANK
14309 HWY 13
REEDS SPRING, MO 65737

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . 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. 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.

SIC Code

5813 - Drinking Places

NAICS Code

722410 - Drinking Places

Loan Approval Date

3/2/2001

Loan Approval Gross Amount

$116,100

Loan Approval from the SBA

Of the total $116,100 loan amount, the SBA guaranteed $98,685.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 24 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $116,100 loan. Remember, you control your own destiny.

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:

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