SBA Loan from Central Bank Helps Interior Design Services Company

An SBA loan from Central Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Alta, Iowa business owner got a $268,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Central Bank, out of Storm Lake, Iowa. The loan was granted and they received $268,000 to help grow their Alta, Iowa business.

SBA Loan Borrower

COMPANY TYPE: INTERIOR DESIGN SERVICES
ALTA, IA 51002

SBA Loan Lender

CENTRAL BANK
600 LAKE AVE
STORM LAKE, IA 50588

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541410 - Interior Design Services

Loan Approval Date

9/8/2005

Loan Approval Gross Amount

$268,000

Loan Approval from the SBA

Of the total $268,000 loan amount, the SBA guaranteed $201,000.

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 6 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Alta IA, you ought to talk with a local Alta SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Alta businesses.

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.

Where to Get an SBA Loan in Storm Lake, Iowa

Getting an SBA Loan in Iowa

Central Bank Alta

SBA Loan from Central Bank Helps Interior Design Services Company