Financing for Asphalt Shingle and Coating Materials Manufacturing

Looking for commercial loans for asphalt shingle and coating materials manufacturing? Talk to a banker who works with the SBA. This $55,000 asphalt shingle and coating materials manufacturing loan was issued by a Missouri bank.

Getting a small business loan in Willard, Missouri was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Countryside Bank, operating out of Republic, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: ASPHALT FELTS AND COATINGS
WILLARD, MO 65781

SBA Loan Lender

COUNTRYSIDE BANK
520 E ELM ST
REPUBLIC, MO 65738

This lender issued this particular loan for a small business 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

2952 - Asphalt Felts and Coatings

NAICS Code

324122 - Asphalt Shingle and Coating Materials Manufacturing

Loan Approval Date

7/12/2001

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Countryside Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

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SBA Participating Banks in Republic, Missouri

Find an SBA Lender in Missouri