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May 9, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Muscatine, Business Loans > Central State Bank Muscatine Business Loans > Industrial Supplies Merchant Wholesalers Loan | ||||
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Tips for Small Business Owners On Getting a Loan
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Get an SBA Loan for Industrial Supplies Merchant WholesalersLooking for bank loans for industrial supplies merchant wholesalers? An SBA loan may be just what you've been looking for. This $267,000 industrial supplies merchant wholesalers loan was issued by an Iowa bank. This company knew how to go about getting a business bank loan. Based in Columbus Junction, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Central State Bank, based in Muscatine, Iowa. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender CENTRAL STATE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423840 - Industrial Supplies Merchant Wholesalers Loan Approval Date 3/3/2005 Loan Approval Gross Amount $267,000 Loan Approval from the SBA Of the total $267,000 loan amount, the SBA guaranteed $200,250. 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 5 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you want money for new small business in Columbus Junction IA, you ought to talk with a local Columbus Junction SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Columbus Junction businesses. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Small Bank Loans in Muscatine, Iowa
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