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May 19, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Bolivar, Business Loans > Bank Of Bolivar Bolivar Business Loans > Service Establishment Equipment And Supplies Loan | ||||
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SBA 7A Banks for Bolivar Small Business Owners
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Drugs and Druggists' Sundries Wholesalers Business LoansWith these business loans for drugs and druggists' sundries wholesalers, the SBA guarantees the lender that the loan will be repaid. This drugs and druggists' sundries wholesalers loan for $100,000 was given to a Missouri entrepreneur in 2001. This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Bank Of Bolivar, out of Bolivar, Missouri. The loan was granted and they received $100,000 to help grow their Bolivar, Missouri business. SBA Loan Borrower COMPANY TYPE: SERVICE ESTABLISHMENT EQUIPMENT AND SUPPLIES SBA Loan Lender BANK OF BOLIVAR The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5087 - Service Establishment Equipment and Supplies NAICS Code 422210 - Drugs and Druggists' Sundries Wholesalers Loan Approval Date 1/5/2001 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Who Lends Money to Small Businesses in Bolivar, Missouri Getting an SBA Loan in Missouri
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