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November 21, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Republic, Business Loans > Countryside Bank Republic Business Loans > Personal Services Loan | ||||
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Republic, Missouri SBA Banks
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Republic, Missouri Lender Lends Money to Personal Services CompanyThinking about meeting with a Republic, Missouri bank about an SBA loan? Here's one Missouri business loan, issued by a Republic bank, that was approved by the SBA. Applying for an SBA loan with Countryside Bank worked out well for our friends at one local firm in Springfield, Missouri. The business was able to get an SBA loan for $40,000. Nice! SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender COUNTRYSIDE BANK This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with getting a loan . The low-doc program involves 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. SIC Code 7299 - Personal Services NAICS Code 812990 - Personal Services Loan Approval Date 2/21/2002 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. 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 only one employee. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you 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. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: Small Bank Loans in Republic, Missouri
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