SBA Loans for Plumbing, Heating, and Air Conditioning Contractors
With these SBA loans for plumbing, heating, and air conditioning contractors, the SBA guarantees the lender that the loan will be repaid. This plumbing, heating, and air conditioning contractors loan for $125,000 was given to a Missouri entrepreneur in 2002.
This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Regions Bank, out of Memphis, Tennessee. The loan was granted and they received $125,000 to help grow their Springfield, Missouri business.
SBA Loan Borrower
COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING
SPRINGFIELD, MO 65802
SBA Loan Lender
REGIONS BANK
6200 POPLAR AVE
MEMPHIS, TN 38119
This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
1711 - Plumbing, Heating, and Air-Conditioning
NAICS Code
235110 - Plumbing, Heating, and Air Conditioning Contractors
Loan Approval Date
3/18/2002
Loan Approval Gross Amount
$125,000
Loan Approval from the SBA
Of the total $125,000 loan amount, the SBA guaranteed $106,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
If you need money to start business in Springfield MO, you ought to talk with a local Springfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Springfield businesses.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
Equity Financing
Small Business Banks in Memphis, Tennessee
SBA Tennessee Lenders