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May 1, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Conrad, Business Loans > First State Bank, Conrad, Iowa Conrad Business Loans > M & M Ranch Loan | ||||
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Good Sources for Conrad SBA Loans
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Borrow Money to Buy a Pizza Ranch FranchiseNeed money to buy a Pizza Ranch franchise? First State Bank, Conrad, Iowa has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Conrad, Iowa needed money to invest in a Pizza Ranch franchise back in 2005. First State Bank, Conrad, Iowa issued an SBA franchise loan. Here are the details on this Iowa small business loan. SBA Loan Borrower M & M RANCH SBA Loan Lender FIRST STATE BANK, CONRAD, IOWA This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/25/2005 Loan Approval Gross Amount $98,000 Loan Approval from the SBA Of the total $98,000 loan amount, the SBA guaranteed $83,300. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Pizza Ranch franchise. At the time of the loan, the company had 9 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source 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: SBA Approved Banks in Conrad, Iowa
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