Springfield, Missouri Bank Lends Money to Florists Company in Springfield, Missouri

Want to talk with a Springfield, Missouri bank about a small business loan? Here's one Missouri business loan, issued by a Springfield bank, that was approved by the SBA.

Applying for an SBA loan with Liberty Bank worked out well for our friends at one local company in Springfield, Missouri. The business was able to get an SBA loan for $51,200. Great job!

SBA Loan Borrower

COMPANY TYPE: FLORISTS
SPRINGFIELD, MO 65804

SBA Loan Lender

LIBERTY BANK
1414 E PRIMROSE
SPRINGFIELD, MO 65804

This was a Low Documentation SBA loan. The SBA started 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. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453110 - Florists

Loan Approval Date

1/8/2002

Loan Approval Gross Amount

$51,200

Loan Approval from the SBA

Of the total $51,200 loan amount, the SBA guaranteed $43,520.

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 2 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

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

Related Links:

Understanding Dilution

Small Business Banks in Springfield, Missouri

Where to Get an SBA Loan Missouri