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May 12, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Holstein, Business Loans > American National Bank Holstein Business Loans > No Industry Type Specified Loan | ||||
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SBA Lender Holstein
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Holstein, Iowa Bank Lends Money to No Industry Type Specified Company in Correctionville, IowaFind Holstein, Iowa banks that specialize in business loans and know how to work with entrepreneurs. American National Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Correctionville, Iowa starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from American National Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED SBA Loan Lender AMERICAN NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code Loan Approval Date 8/4/2006 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $119,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $140,000 loan. Remember, where there is a will, there is a way! 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: Raising VC Money for Social Networking Companies Best Banks for Small Business in Holstein, Iowa
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