Iowa Trust And Savings Bank SBA Loan to No Industry Type Specified Company
Want an Iowa SBA loan? Here's one Iowa business loan that was approved by the SBA.
This local small business knew how to go about getting a business bank loan. Based in Ankeny, Iowa, they applied for and were given an SBA-guaranteed loan in 2004. The lending bank was Iowa Trust And Savings Bank, based in Centerville, Iowa.
SBA Loan Borrower
COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
ANKENY, IA 50021
SBA Loan Lender
IOWA TRUST AND SAVINGS BANK
200 N 10TH
CENTERVILLE, IA 52544
This lender issued this particular bank 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.
NAICS Code
516110 -
Loan Approval Date
8/23/2004
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 7 employees. The loan application did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
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:
SBIR Funding
Find an SBA Lender in Centerville, Iowa
SBA Iowa Banks