Business Loan from Hometown Bank Given to New Housing Operative Builders Company

An SBA loan from Hometown Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Webb City, Missouri business owner got a $151,500 loan.

This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Hometown Bank, out of Carthage, Missouri. The loan was granted and they received $151,500 to help grow their Webb City, Missouri business.

SBA Loan Borrower

COMPANY TYPE: NEW HOUSING OPERATIVE BUILDERS
WEBB CITY, MO 64870

SBA Loan Lender

HOMETOWN BANK
312 W CENTRAL
CARTHAGE, MO 64836

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

236117 - New Housing Operative Builders

Loan Approval Date

3/22/2006

Loan Approval Gross Amount

$151,500

Loan Approval from the SBA

Of the total $151,500 loan amount, the SBA guaranteed $75,750.

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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Webb City MO, you ought to talk with a local Webb City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Webb City businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Hometown Bank and they will explain how you can get an SBA loan for your company.

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:

Microlending as a Small Business Funding Source

SBA Participating Banks in Carthage, Missouri

Missouri SBA 7A Lenders