SBA Loan from Great Southern Bank Helps Recreational Vehicle Dealers Company
An SBA loan from Great Southern 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 $150,000 loan.
This growing company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Great Southern Bank, out of Reeds Spring, Missouri. The loan was granted and they received $150,000 to help grow their Willard, Missouri business.
SBA Loan Borrower
COMPANY TYPE: RECREATIONAL VEHICLE DEALERS
WILLARD, MO 65781
SBA Loan Lender
GREAT SOUTHERN BANK
14309 HWY 13
REEDS SPRING, MO 65737
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
5561 - Recreational Vehicle Dealers
NAICS Code
423110 - Automobile and Motor Vehicle Merchant Wholesalers
Loan Approval Date
2/18/2005
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
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 2 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding.
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:
Accountant's Role in Securing Financing
SBA Banks in Reeds Spring, Missouri
Getting an SBA Loan in Missouri