Amusement and Recreation Industries Loans

With these loans for amusement and recreation industries, the SBA guarantees the lender that the loan will be repaid. This amusement and recreation industries loan for $71,800 was given to a Missouri entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Plains, Missouri was able to borrow $71,800 from Community 1st National Bank - W. Pla. The SBA made the loan possible by guaranteeing $57,440 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: AMUSEMENT AND RECREATION SERVICES
WEST PLAINS, MO 65775

SBA Loan Lender

COMMUNITY 1ST NATIONAL BANK - W. PLA
1330 SOUTHERN HILLS CTR
WEST PLAINS, MO 65775

This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7999 - Amusement and Recreation Services

NAICS Code

713990 - Amusement and Recreation Industries

Loan Approval Date

11/2/2000

Loan Approval Gross Amount

$71,800

Loan Approval from the SBA

Of the total $71,800 loan amount, the SBA guaranteed $57,440.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in West Plains MO, you ought to talk with a local West Plains SBA lender or talk with an out-of-area SBA lender that has previously loaned money to West Plains businesses.

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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