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May 13, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Red Oak, Business Loans > Bank Iowa Red Oak Business Loans > Cattle Feedlots Loan | ||||
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Red Oak Bank Loan
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Red Oak, Iowa Lender Lends Money to Cattle Feedlots CompanyA Red Oak, Iowa business loan can be yours. Learn how a business got a $462,500 business loan from this Iowa bank. This loan to an entrepreneur is a good example of an SBA loan. Bank Iowa made the loan and the SBA guaranteed a portion of the loan. Many other Iowa entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: CATTLE FEEDLOTS SBA Loan Lender BANK IOWA This commercial 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 112112 - Cattle Feedlots Loan Approval Date 4/27/2004 Loan Approval Gross Amount $462,500 Loan Approval from the SBA Of the total $462,500 loan amount, the SBA guaranteed $346,875. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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: Best Red Oak, Iowa Banks for Small Business
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