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May 18, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Holstein, Business Loans > American National Bank Holstein Business Loans > Electrical Contractors And Wiring Installation Contractors Loan | ||||
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SBA Lenders in Iowa
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Get an SBA Loan for Electrical Contractors and Wiring Installation ContractorsLooking for bank loans for electrical contractors and wiring installation contractors? The SBA may be the answer. This $150,000 electrical contractors and wiring installation contractors loan was issued by an Iowa bank. Getting a small business loan in Holstein, Iowa was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from American National Bank, operating out of Holstein, Iowa. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRICAL CONTRACTORS AND WIRING INSTALLATION CONTRACTORS SBA Loan Lender AMERICAN NATIONAL BANK This lender issued this loan for a small business under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238210 - Electrical Contractors and Wiring Installation Contractors Loan Approval Date 10/7/2005 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. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like American National Bank and they will explain how you can get an SBA loan for your company. 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:
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