Leather and Hide Tanning and Finishing Small Business Loans

With these small business loans for leather and hide tanning and finishing, the SBA guarantees the lender that the loan will be repaid. This leather and hide tanning and finishing loan for $125,000 was given to a Missouri entrepreneur in 2008.

Getting a small business loan in Stockton, Missouri was important for this company back in 2008 and, based on their loan application, they were successful in getting an SBA loan from Summit Bank Of Kansas City, operating out of Lee's Summit, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: LEATHER AND HIDE TANNING AND FINISHING
STOCKTON, MO 65785

SBA Loan Lender

SUMMIT BANK OF KANSAS CITY
1650 NE GRAND, STE 100
LEE'S SUMMIT, MO 64086

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

316110 - Leather and Hide Tanning and Finishing

Loan Approval Date

2/15/2008

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. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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