Old Missouri National Bank SBA Loan to Courier Services Company

An SBA loan from Old Missouri National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Willard, Missouri business owner got a $44,800 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Willard, Missouri was able to borrow $44,800 from Old Missouri National Bank. The SBA made the loan possible by guaranteeing $38,080 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: COURIER SERVICES
WILLARD, MO 65781

SBA Loan Lender

OLD MISSOURI NATIONAL BANK
3570 S NATIONAL
SPRINGFIELD, MO 65807

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4215 - Courier Services

NAICS Code

492210 - Local Messengers and Local Delivery

Loan Approval Date

4/9/2004

Loan Approval Gross Amount

$44,800

Loan Approval from the SBA

Of the total $44,800 loan amount, the SBA guaranteed $38,080.

More Information on This SBA Loan

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

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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