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May 19, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Marshalltown, Business Loans > Farmers Savings Bank Marshalltown Business Loans > Chiropractors Loan | ||||
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How Hard Is It to Get a Small Business Loan in Marshalltown, Iowa?
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Chiropractors LoansLooking for loans for chiropractors? An SBA loan may be just what you've been looking for. This $40,000 chiropractors loan was issued by an Iowa bank. This company knew how to go about getting a business bank loan. Based in Marshalltown, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Farmers Savings Bank, based in Marshalltown, Iowa. SBA Loan Borrower COMPANY TYPE: CHIROPRACTORS SBA Loan Lender FARMERS SAVINGS BANK This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621310 - Chiropractors Loan Approval Date 12/10/2001 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. 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 only one employee. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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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