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May 19, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Seymour, Business Loans > The Seymour Bank Seymour Business Loans > Top And Body Repair And Paint Shops Loan | ||||
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SBA Lender Seymour
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Seymour, Missouri Bank Lends Money to Top And Body Repair And Paint Shops Company in Mansfield, MissouriWant to talk with a Seymour, Missouri bank about an SBA loan? Here's one Missouri business loan, issued by a Seymour bank, that was approved by the SBA. Applying for an SBA loan with The Seymour Bank worked out well for our friends at one local company in Mansfield, Missouri. They received an SBA loan for $50,000. Nice! SBA Loan Borrower COMPANY TYPE: TOP AND BODY REPAIR AND PAINT SHOPS SBA Loan Lender THE SEYMOUR BANK 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 7532 - Top and Body Repair and Paint Shops NAICS Code 811111 - General Automotive Repair Loan Approval Date 5/21/2004 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. 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. Related Links: Where to Get an SBA Loan in Seymour, Missouri
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