Get an SBA Loan for General Rental Centers

With these loans for general rental centers, the SBA guarantees the lender that the loan will be repaid. This general rental centers loan for $231,700 was given to a Missouri entrepreneur in 2006.

This company knew how to go about getting a business bank loan. Based in West Plains, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Empire Bank, based in Springfield, Missouri.

SBA Loan Borrower

COMPANY TYPE: GENERAL RENTAL CENTERS
WEST PLAINS, MO 65775

SBA Loan Lender

EMPIRE BANK
1800 S GLENSTONE
SPRINGFIELD, MO 65804

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532310 - General Rental Centers

Loan Approval Date

3/6/2006

Loan Approval Gross Amount

$231,700

Loan Approval from the SBA

Of the total $231,700 loan amount, the SBA guaranteed $173,775.

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 only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $231,700 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

The Art of Bootstrapping

Small Business Banks in Springfield, Missouri

SBA Missouri Lenders