Raising Money for Snack and Nonalcoholic Beverage Bars

Looking for bank loans for snack and nonalcoholic beverage bars? Talk to a banker who works with the SBA. This $23,300 snack and nonalcoholic beverage bars loan was issued by an Iowa bank.

Getting a small business loan in Hampton, Iowa was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Hampton State Bank, operating out of Hampton, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: SNACK AND NONALCOHOLIC BEVERAGE BARS
HAMPTON, IA 50441

SBA Loan Lender

HAMPTON STATE BANK
100 1ST ST NW
HAMPTON, IA 50441

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . 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

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

3/26/2004

Loan Approval Gross Amount

$23,300

Loan Approval from the SBA

Of the total $23,300 loan amount, the SBA guaranteed $19,805.

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 2 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

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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:

504 Loans

SBA Approved Banks in Hampton, Iowa

Iowa SBA Bank Lenders