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May 15, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > South Sioux City, Business Loans > Iowa-Nebraska State Bank South Sioux City Business Loans > Camera And Photographic Supplies Stores Loan | ||||
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Best Banks That Lend to Sioux City Small Businesses
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Growing Company Gets an Iowa Bank LoanIowaBank loans are available to Iowa firms through the SBA. In this case, a Nebraska bank provides the loan. This company, based in Sioux City, Iowa, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Iowa-Nebraska State Bank. We've got the inside scoop on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: CAMERA AND PHOTOGRAPHIC SUPPLIES STORES SBA Loan Lender IOWA-NEBRASKA STATE BANK This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 443130 - Camera and Photographic Supplies Stores Loan Approval Date 1/30/2001 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $55,250. More Information on This SBA Loan The borrower borrowed this money for a new 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 3 employees. The loan application did not indicate that the business promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Family and Friend Investors - Your First Financiers Best South Sioux City, Nebraska Banks for Small Business Find an SBA Lender in Nebraska
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