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May 19, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Crane, Business Loans > Stone County National Bank Crane Business Loans > Child Day Care Services Loan | ||||
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Missouri SBA 7A Lenders
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Entrepreneur Works With Crane, Missouri Bank to Get an SBA LoanWant to talk with a Crane, Missouri bank about a business loan? Here's one Missouri business loan, issued by a Crane bank, that was approved by the SBA. Applying for an SBA loan with Stone County National Bank worked out well for our friends at one local firm in Reeds Spring, Missouri. They got an SBA loan for $12,600. Sweet! SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender STONE COUNTY NATIONAL BANK This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8351 - Child Day Care Services NAICS Code 624410 - Child Day Care Services Loan Approval Date 4/25/2005 Loan Approval Gross Amount $12,600 Loan Approval from the SBA Of the total $12,600 loan amount, the SBA guaranteed $10,710. 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 SBA funding recipient planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Stone County National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Dealing With Venture Capitalists
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