 |
 |
May 14, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Iowa Business Loan Sources > Sioux City, Business Loans > Vantus Bank Sioux City Business Loans > Drinking Places Loan | ||||
 |
||||
Sioux City, Iowa Bank for SBA Loans
|
||||
 |
Borrowing Money for Drinking PlacesLooking for loans for drinking places? An SBA loan may be just what you've been looking for. This $73,000 drinking places loan was issued by an Iowa bank. Getting a small business loan in Sioux City, Iowa was important for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Vantus Bank, operating out of Sioux City, Iowa. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender VANTUS 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. NAICS Code 722410 - Drinking Places Loan Approval Date 6/23/2005 Loan Approval Gross Amount $73,000 Loan Approval from the SBA Of the total $73,000 loan amount, the SBA guaranteed $62,050. 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 7 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $73,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Bank Loans in Sioux City, Iowa
|
|
||
|
||||
|
|
||||