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May 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Sioux City, Business Loans > Vantus Bank Sioux City Business Loans > Supermarkets And Grocery Stores Loan | ||||
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Des Moines SBA Loans
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Vantus Bank Gives Business Loan to Supermarkets And Grocery Stores CompanyIowaBank loans are available to Iowa firms through the SBA. In this case, an Iowa bank provides the loan. This company, based in Des Moines, Iowa, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Vantus Bank. We've got the inside scoop on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: SUPERMARKETS AND GROCERY STORES SBA Loan Lender VANTUS BANK This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445110 - Supermarkets and Grocery Stores Loan Approval Date 5/4/2007 Loan Approval Gross Amount $1,664,000 Loan Approval from the SBA Of the total $1,664,000 loan amount, the SBA guaranteed $1,248,000. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 90 employees. The SBA loan application for the borrower indicated that the borrowed money would help create 90 new jobs. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money We've showcased information on this loan to let you know that businesses like yours 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: Where to Get an SBA Loan in Sioux City, Iowa
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