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May 12, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Red Oak, Business Loans > Great Western Bank Red Oak Business Loans > Florists Loan | ||||
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Milford, Iowa Bank for SBA Loans
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Florists Bank LoansLooking for bank loans for florists? An SBA loan may be just what you've been looking for. This $29,000 florists loan was issued by an Iowa bank. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Great Western Bank, out of Red Oak, Iowa. The loan was granted and they received $29,000 to help grow their Milford, Iowa business. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender GREAT WESTERN BANK This lender issued this particular commercial loan 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. SIC Code 5992 - Florists NAICS Code 453110 - Florists Loan Approval Date 6/28/2000 Loan Approval Gross Amount $29,000 Loan Approval from the SBA Of the total $29,000 loan amount, the SBA guaranteed $23,200. 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 did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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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