Harlan, Iowa Business Gets SBA-Guaranteed Funding from United Bank Of Iowa

An SBA loan from United Bank Of Iowa typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Harlan, Iowa business owner got a $150,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Harlan, Iowa, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was United Bank Of Iowa, based in Ida Grove, Iowa.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
HARLAN, IA 51537

SBA Loan Lender

UNITED BANK OF IOWA
501 2ND ST
IDA GROVE, IA 51445

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453110 - Florists

Loan Approval Date

8/8/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Strategic Investors

Small Business Banks in Ida Grove, Iowa

Browse All Business Loan Sources for Iowa