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May 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Marcus, Business Loans > The First Trust & Savings Bank Marcus Business Loans > Retail Bakeries Loan | ||||
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Iowa SBA Loan from The First Trust & Savings Bank
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SBA Loan from The First Trust & Savings Bank Helps Retail Bakeries CompanyAn SBA loan from The First Trust & Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Marcus, Iowa business owner got a $28,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Marcus, Iowa was able to borrow $28,000 from The First Trust & Savings Bank. The SBA made the loan possible by guaranteeing $22,400 of this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL BAKERIES SBA Loan Lender THE FIRST TRUST & SAVINGS BANK This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5461 - Retail Bakeries Loan Approval Date 4/25/2000 Loan Approval Gross Amount $28,000 Loan Approval from the SBA Of the total $28,000 loan amount, the SBA guaranteed $22,400. 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 3 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The First Trust & Savings Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The First Trust & Savings Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Small Business Banks in Marcus, Iowa
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