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May 16, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Council Bluffs, Business Loans > Midstates Bank Council Bluffs Business Loans > Fabricated Metal Products Loan | ||||
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Iowa SBA Lenders
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Council Bluffs, Iowa Bank Lends Money to Fabricated Metal Products Company in Harlan, IowaThinking about meeting with a Council Bluffs, Iowa bank about an SBA loan? Here's one Iowa business loan, issued by a Council Bluffs bank, that was approved by the SBA. Applying for an SBA loan with Midstates Bank worked out well for our friends at one local firm in Harlan, Iowa. They received an SBA loan for $220,000. Awesome! SBA Loan Borrower COMPANY TYPE: FABRICATED METAL PRODUCTS SBA Loan Lender MIDSTATES 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. SIC Code 3499 - Fabricated Metal Products NAICS Code 332117 - Powder Metallurgy Part Manufacturing Loan Approval Date 9/13/2002 Loan Approval Gross Amount $220,000 Loan Approval from the SBA Of the total $220,000 loan amount, the SBA guaranteed $165,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: Best Banks for Small Business in Council Bluffs, Iowa
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