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May 5, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Forest City, Business Loans > Manufacturers Bank & Trust Forest City Business Loans > Link Staffing Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Manufacturers Bank & Trust Provides SBA Loan to Buy Link Staffing FranchiseBorrowing money to invest in a Link Staffing franchise? Manufacturers Bank & Trust has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Mason City, Iowa needed money to invest in a Link Staffing franchise back in 2003. Manufacturers Bank & Trust issued an SBA franchise loan. Here are the details on this Iowa small business loan. SBA Loan Borrower LINK STAFFING SBA Loan Lender MANUFACTURERS BANK & TRUST This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561320 - Temporary Help Services Loan Approval Date 8/4/2003 Loan Approval Gross Amount $104,000 Loan Approval from the SBA Of the total $104,000 loan amount, the SBA guaranteed $88,400. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Link Staffing franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Manufacturers Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Manufacturers Bank & Trust 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: Microlending as a Small Business Funding Source Best Forest City, Iowa Banks for Small Business
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