Nixa, Missouri Bank Gives SBA Loan to Sports And Recreation Instruction Company

Find Nixa, Missouri banks that specialize in SBA loans and know how to work with entrepreneurs. Peoples Bank Of The Ozarks is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Springfield, Missouri starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Peoples Bank Of The Ozarks. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: SPORTS AND RECREATION INSTRUCTION
SPRINGFIELD, MO 65804

SBA Loan Lender

PEOPLES BANK OF THE OZARKS
305 W MT VERNON
NIXA, MO 65714

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611620 - Sports and Recreation Instruction

Loan Approval Date

9/28/2005

Loan Approval Gross Amount

$107,100

Loan Approval from the SBA

Of the total $107,100 loan amount, the SBA guaranteed $91,035.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $107,100. How would you spend $107,100 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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