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December 22, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Dixon, Business Loans > Mid America Bank & Trust Dixon Business Loans > Drinking Places Loan | ||||
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Mid America Bank & Trust SBA Loans
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Drinking Places Commercial LoansWith these commercial loans for drinking places, the SBA guarantees the lender that the loan will be repaid. This drinking places loan for $100,000 was given to a Missouri entrepreneur in 2006. This business knew how to go about getting a business bank loan. Based in St. Robert, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Mid America Bank & Trust, based in Dixon, Missouri. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender MID AMERICA BANK & TRUST The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 722410 - Drinking Places Loan Approval Date 10/3/2006 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 8 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? 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: Best Banks for Small Business in Dixon, Missouri
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