Where to Get Capital for Nonmetallic Mineral Product Manufacturing

With these SBA loans for nonmetallic mineral product manufacturing, the SBA guarantees the lender that the loan will be repaid. This nonmetallic mineral product manufacturing loan for $525,000 was given to a Missouri entrepreneur in 2000.

Getting a small business loan in Stanberry, Missouri was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Farmers State Bank Stanberry, operating out of Stanberry, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: CONCRETE PRODUCTS
STANBERRY, MO 64489

SBA Loan Lender

FARMERS STATE BANK STANBERRY
118 W FIRST ST
STANBERRY, MO 64489

This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3272 - Concrete Products

NAICS Code

327999 - Nonmetallic Mineral Product Manufacturing

Loan Approval Date

10/12/2000

Loan Approval Gross Amount

$525,000

Loan Approval from the SBA

Of the total $525,000 loan amount, the SBA guaranteed $393,750.

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 22 employees. The loan application did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? 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.

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