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May 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Le Mars, Business Loans > Amer Bank Le Mars Business Loans > Beauty Shops Loan | ||||
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Amer Bank SBA Loan
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Amer Bank SBA Loan to Beauty Shops CompanyAmer Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Iowa entrepreneur was able to get a loan to take a small business to the next level. This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Amer Bank, out of Le Mars, Iowa. The loan was granted and they received $20,000 to help grow their Lemars, Iowa business. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender AMER BANK This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started 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. SIC Code 7231 - Beauty Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 11/13/2000 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $16,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a company in Lemars IA, you ought to talk with a local Lemars SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lemars businesses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Amer Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Le Mars, Iowa
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