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May 11, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Oskaloosa, Business Loans > Midwestone Bank Oskaloosa Business Loans > Personal Services Loan | ||||
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Iowa Bank SBA Loans
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Midwestone Bank SBA Loan to Personal Services CompanyLooking to get an Iowa SBA loan? Here's one Iowa business loan that was approved by the SBA. This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Midwestone Bank, out of Oskaloosa, Iowa. The loan was granted and they received $14,000 to help grow their Oskaloosa, Iowa business. SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender MIDWESTONE BANK 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. SIC Code 7299 - Personal Services Loan Approval Date 1/13/2000 Loan Approval Gross Amount $14,000 Loan Approval from the SBA Of the total $14,000 loan amount, the SBA guaranteed $11,200. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Small Business Banks in Oskaloosa, Iowa SBA Participating Banks in Iowa
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