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November 21, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Motor Vehicle Body Manufacturing Loan | ||||
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Getting a Business Loan in Springfield, Missouri
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Springfield, Missouri Entrepreneur Gets a Bank LoanWould a Missouri business loan help your company expand? If so, you may want to talk with this Virginia bank, which offers SBA loans to Missouri entrepreneurs. Getting a small business loan in Springfield, Missouri was a top priority for this SBA-financed company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Capital One. Here are the details on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE BODY MANUFACTURING SBA Loan Lender CAPITAL ONE This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 336211 - Motor Vehicle Body Manufacturing Loan Approval Date 12/13/2005 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $17,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 23 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 23 existing jobs. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Obtaining Funding - How to Borrow Money
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