Hardware Stores Small Business Loans

With these small business loans for hardware stores, the SBA guarantees the lender that the loan will be repaid. This hardware stores loan for $175,000 was given to a Missouri entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Willard, Missouri was able to borrow $175,000 from Mid-Missouri Bank. The SBA made the loan possible by guaranteeing $131,250 of this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: HARDWARE STORES
WILLARD, MO 65781

SBA Loan Lender

MID-MISSOURI BANK
109 N HICKORY
MOUNT VERNON, MO 65712

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

3/17/2006

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $131,250.

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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Getting a Small Business Loan

SBA 7A Banks for Mount Vernon, Missouri Loans

Getting an SBA Loan in Missouri