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May 18, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Okoboji, Business Loans > Bank Midwest Minnesota Iowa Na Okoboji Business Loans > Sporting Goods Stores And Bicycle Shops Loan | ||||
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SBA Lender Okoboji
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Okoboji, Iowa Lender Lends Money to Sporting Goods Stores And Bicycle Shops CompanyGet SBA loans from an Okoboji, Iowa bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Bank Midwest Minnesota Iowa Na is a Okoboji, Iowa small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Iowa company. SBA Loan Borrower COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS SBA Loan Lender BANK MIDWEST MINNESOTA IOWA NA This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5941 - Sporting Goods Stores and Bicycle Shops NAICS Code 454390 - Direct Selling Establishments Loan Approval Date 10/24/2000 Loan Approval Gross Amount $53,700 Loan Approval from the SBA Of the total $53,700 loan amount, the SBA guaranteed $42,960. 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 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Midwest Minnesota Iowa Na that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Good Banks for Small Business in Okoboji, Iowa
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