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November 21, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Washington, Business Loans > Bank Of Franklin County Washington Business Loans > Roofing Contractors Loan | ||||
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Union, Missouri Bank Loan
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Bank Of Franklin County Gives SBA Loan to Roofing Contractors CompanyLooking to get a Missouri SBA loan? This Missouri entrepreneur got an SBA loan, provided by a Missouri bank that works with the SBA to help small business owners. Getting a small business loan in Union, Missouri was a top priority for this particular business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Franklin County. Here are the details on this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: ROOFING CONTRACTORS SBA Loan Lender BANK OF FRANKLIN COUNTY This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 238160 - Roofing Contractors Loan Approval Date 4/13/2007 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 loan application indicated that the funding would help generate 5 new jobs. Start the Process for Getting an SBA Loan Today! If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source 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. Related Links: Best Banks in Washington, Missouri
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