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May 16, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Rock Valley, Business Loans > Peoples Bank Rock Valley Business Loans > Photography Studios, Portrait Loan | ||||
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Peoples Bank Inwood, Iowa
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Business Loan from Peoples Bank Given to Photography Studios, Portrait CompanyPeoples Bank has a track record as a leading provider of SBA loans. Find out how this Iowa entrepreneur received an SBA loan from them. This small firm knew how to go about getting a business bank loan. Based in Inwood, Iowa, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Peoples Bank, based in Rock Valley, Iowa. SBA Loan Borrower COMPANY TYPE: PHOTOGRAPHY STUDIOS, PORTRAIT SBA Loan Lender PEOPLES BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541921 - Photography Studios, Portrait Loan Approval Date 5/30/2003 Loan Approval Gross Amount $33,000 Loan Approval from the SBA Of the total $33,000 loan amount, the SBA guaranteed $16,500. 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 2 employees. The SBA loan documents indicated that the borrowed money would help generate 2 new jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Inwood or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Participating Banks in Rock Valley, Iowa Browse All Business Loan Sources for Iowa
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