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May 17, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Shenandoah, Business Loans > Bank Iowa Shenandoah Business Loans > Animal Food Manufacturing Loan | ||||
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SBA Lenders Iowa
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Shenandoah, Iowa Bank Gives SBA Loan to Animal Food Manufacturing CompanyThinking about meeting with a Shenandoah, Iowa bank about a business loan? Here's one Iowa business loan, issued by a Shenandoah bank, that was approved by the SBA. Applying for an SBA loan with Bank Iowa worked out well for our friends at one local firm in Nodaway, Iowa. The business was able to get an SBA loan for $249,600. Way to go! SBA Loan Borrower COMPANY TYPE: ANIMAL FOOD MANUFACTURING SBA Loan Lender BANK IOWA This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311119 - Animal Food Manufacturing Loan Approval Date 5/31/2006 Loan Approval Gross Amount $249,600 Loan Approval from the SBA Of the total $249,600 loan amount, the SBA guaranteed $187,200. 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 2 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. We can help you find the best banks for small businesses in Nodaway or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Determining Proper Capital Structure for a Business Small Business Banks in Shenandoah, Iowa
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