First Community Bank SBA Loan to Business Services Company

Want a Missouri business loan? Here's one Missouri business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Warrensburg, Missouri, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was First Community Bank, based in Lee's Summit, Missouri.

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICES
WARRENSBURG, MO 64093

SBA Loan Lender

FIRST COMMUNITY BANK
301 S E MAIN ST
LEE'S SUMMIT, MO 64063

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

Loan Approval Date

2/18/2000

Loan Approval Gross Amount

$82,525

Loan Approval from the SBA

Of the total $82,525 loan amount, the SBA guaranteed $66,020.

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 2 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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