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May 18, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Sac City, Business Loans > Citizens Bank Sac City Business Loans > Hog And Pig Farming Loan | ||||
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How to Get SBA Loans in Schaller, Iowa
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How to Get a Loan for Hog and Pig FarmingLooking for business loans for hog and pig farming? An SBA loan may be just what you've been looking for. This $112,400 hog and pig farming loan was issued by an Iowa bank. This small business knew how to go about getting a business bank loan. Based in Schaller, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Citizens Bank, based in Sac City, Iowa. SBA Loan Borrower COMPANY TYPE: HOG AND PIG FARMING SBA Loan Lender CITIZENS BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 112210 - Hog and Pig Farming Loan Approval Date 2/20/2007 Loan Approval Gross Amount $112,400 Loan Approval from the SBA Of the total $112,400 loan amount, the SBA guaranteed $95,540. 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 4 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a company in Schaller IA, you ought to talk with a local Schaller SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Schaller businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Citizens Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Citizens Bank 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: SBA Approved Banks in Sac City, Iowa
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